A Manhattan jury convicted Jonathan Spalletta in the $55 million Uranium Finance hack case.

A guilty verdict is the jury's finding. It is not the sentence. The money-laundering count carries up to 20 years, and that is a ceiling, not a number anyone has imposed. The defense said Spalletta used functions the Uranium contracts made public and never hacked anything. Quartz reported the jury needed about two hours to reject that.

Quartz reported Wednesday, Oct. 7, 2026, citing Bloomberg, that a federal jury in Manhattan convicted Jonathan Spalletta of stealing nearly $55 million in cryptocurrency from the decentralized exchange Uranium Finance and laundering the proceeds, after roughly two hours of deliberation. TokenPost reported the same verdict. The case, United States v. Spalletta, 1:26-cr-118, charged one count of computer fraud, which carries up to 10 years, and one count of money laundering, which carries up to 20 years. Quartz reported that U.S. District Judge Jed S. Rakoff set sentencing for Feb. 16, and TokenPost gave the date as Feb. 16, 2027. A verdict is the jury's decision. The court has not imposed a sentence, and statutory maximums are not the term.

Trial opened Sept. 28, 2026, in the Southern District of New York. The indictment, unsealed March 30, 2026, the day Spalletta surrendered, alleged two exploits in April 2021. Prosecutors said that on April 8 he took about $1.4 million by exploiting a rewards mechanism in a smart contract, and that on April 28 he exploited a withdrawal limit across 26 liquidity pools and took about $53.3 million, after which the platform shut down. Bloomberg reported at the start of trial that prosecutor Shaun Werbelow told jurors Spalletta orchestrated a plan to destroy a cryptocurrency platform, steal $50 million, and launder the money. The jury has now accepted the government's account on the counts it decided.

The Justice Department said the proceeds were run through the Tornado Cash mixer and then spent on collectibles. Quartz, citing Bloomberg and the department, reported that investigators recovered rare Pokémon and Magic: The Gathering cards valued at more than $3 million from his Maryland home, including a Black Lotus card bought for about $500,000, 18 sealed Alpha booster packs for about $1.5 million, a sealed box of first-edition Pokémon packs for about $257,500, and a complete first-edition Pokémon base set for about $750,000. Purchases also included a Roman coin from the era of Julius Caesar's assassination for about $601,545 and a swatch of Wright brothers aircraft fabric that Neil Armstrong carried to the moon for about $137,500. Agents seized about $31 million in cryptocurrency in February 2025. The department also quoted a message it says he wrote after the first exploit: "I did a crypto heist of $1.5MM a couple of weeks ago . . . Crypto is all fake internet money anyway."

Inner City Press reported that Judge Rakoff relieved lead defense counsel James Bell on Sept. 29 and that the trial continued with co-counsel. In openings, Bloomberg reported, defense lawyer Shrey Sharma argued that Spalletta interacted with Uranium and did not hack it. Sharma told jurors he used functions that were publicly available in the exchange's smart contracts, used no spoofed credentials or malicious code, and that there was no proof the cryptocurrency from Uranium was the same cryptocurrency used for the collectibles, which he said began in 2023. That is the argument the jury rejected. Whether calling a function that the code lets anyone call still counts as access "without authorization" is the kind of legal question defendants in these cases raise after trial. Nothing in the Oct. 7 reporting says whether a post-trial motion or appeal has been filed. All defendants are presumed innocent until proven guilty in a court of law.