Pokémon Collector Convicted in Major Crypto Hack and Money Laundering Case

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A Manhattan federal jury convicted Jonathan Spalletta over the Uranium Finance theft case, which involved crypto taken from the protocol in 2021. Different accounts put the amount at about $55 million, $54.7 million, or $53.3 million, and one report says sentencing is set for Feb. 16, 2027.

Key claims & sources

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The case involved the 2021 theft of about $55 million from the now-shuttered protocol.
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Sentencing is scheduled for Feb. 16, 2027.
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A Manhattan federal jury convicted Jonathan Spalletta of computer fraud and money laundering in the Uranium Finance case.
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One account says prosecutors showed that $26 million moved through Tornado Cash between April 2021 and November 2023 and was used to buy rare Pokémon and Magic: The Gathering cards, plus historical artifacts.
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One report says the laundering count carries a maximum sentence of 20 years.
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Another report says Spalletta spent stolen crypto on a Roman coin linked to Julius Caesar's assassination and on moon-flown Wright brothers fabric.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market fell 0.2% in the 4 hours after the first headline, after rising 0.5% in the 2 hours before.

$2.9T market cap at the headline
+0.5% 2 h before
-0.2% 4 h after
-0.8% 12 h after
First headline

47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

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