Canadian Hacker Indicted for $65M DeFi Exploits Targeting KyberSwap and Indexed Finance

Andean Medjedovic, 22, allegedly exploited vulnerabilities in decentralized finance platforms, laundered funds, and remains at large.

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.