Overview

• Andean Medjedovic, a 22-year-old Canadian mathematician, is accused of stealing $65 million in cryptocurrency through two DeFi platform hacks in 2021 and 2023.
• Medjedovic allegedly manipulated smart contracts on KyberSwap and Indexed Finance, draining $48.8 million and $16.5 million, respectively, from investor liquidity pools.
• Prosecutors claim he used deceptive trading tactics, borrowed digital tokens, and leveraged vulnerabilities to create artificial prices and withdraw funds at inflated values.
• The indictment also alleges Medjedovic laundered proceeds through crypto mixers, fake accounts, and blockchain bridges, and attempted to extort KyberSwap victims with a sham settlement proposal.
• If convicted, Medjedovic faces up to 90 years in prison on charges including wire fraud, computer hacking, extortion, and money laundering.