Eaglefly

$SOL fighting its position to bottom at $45 lower, before uptrand bergining.

A Maryland man has been charged with allegedly stealing more than $53 million from a decentralized cryptocurrency exchange and laundering the proceeds through Tornado Cash, according to the U.S. Attorney’s Office for the Southern District of New York.

U.S. Attorney Jay Clayton says that Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” faces charges of computer fraud and money laundering tied to two 2021 hacks of Uranium Finance.

Prosecutors allege that in April 2021, Spalletta exploited vulnerabilities in Uranium’s smart contracts.

In the first incident, he allegedly manipulated reward mechanisms to extract about $1.4 million in crypto.

In the second, he is accused of exploiting another flaw across 26 liquidity pools, stealing approximately $53.3 million and causing the platform to shut down.

Authorities say Spalletta later laundered the stolen funds through complex transactions, including the use of Tornado Cash.

“As alleged, Jonathan Spalletta repeatedly hacked smart contracts to steal millions of dollars’ worth of other people’s money,” Clayton said, adding that the scheme resulted in “real losses of tens of millions of dollars.”

Prosecutors also allege that Spalletta used the funds to purchase high-value collectibles, including rare trading cards and ancient coins.

In February 2025, law enforcement seized approximately $31 million in cryptocurrency tied to the case.

Spalletta, 36, faces up to 10 years in prison for computer fraud and up to 20 years for money laundering.

Authorities noted that the charges are allegations and he is presumed innocent unless proven guilty.

Up To $10,000 Per Person Heading to Victims of Massive Cybersecurity Attack on Tech Firm

💎 Ethereum hosts 61.4% of all tokenized assets

$206.2 billion worth of tokenized assets settle on Ethereum.

Explain in details

#BTCReclaims70k
📊 BITCOIN: It took $BTC 11 months to climb from $70K to $125K, and just 5 months to fall back to $70K.

#MarketRebound On the weekly timeframe, price is currently reacting around the $68,000–$70,000 region, which aligns with the 200-week moving average. This level acts as long-term dynamic support. A strong weekly close above this zone increases the probability of stabilization. However, a sustained breakdown below $65,000 may lead to a deeper correction.

On the 3-day chart, the descending trendline remains valid. Immediate resistance is located near $75,000–$78,000. A confirmed breakout above this area with strong volume may signal structural recovery. Until that happens, the corrective structure remains active.

If the current demand zone between $55,000–$60,000 fails to hold, the next major liquidity area is likely around $45,000–$48,000. This range represents a deeper support level where long-term buyers may re-enter the market.

In My POV: Bitcoin is positioned between a key support zone ($65K–$70K) and a broader demand area ($55K–$60K). Confirmation of trend continuation requires a break above resistance, while loss of support opens the path to lower liquidity levels.

strong💪

gogo

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pk

Eth

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Hawk

NVDA

@NVDA

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