Breaking news! U.S. authorities have finally charged a 22-year-old Canadian hacker, Andean Medjedovic, for allegedly swindling over $65 million from two DeFi protocols, Indexed Finance and KyberSwap. Talk about a bad day for blockchain enthusiasts! 😳
The DOJ announced on February 3 that a federal court had unsealed a five-count indictment against this tech-savvy thief. Can you believe it?!
The Indictment: A Tale of Deceit and Digital Debauchery
According to court documents, Medjedovic played a high-stakes game of manipulation with smart contracts on the two platforms between 2021 and 2023. He tricked the protocols into miscalculating key financial variables, allowing him to withdraw funds at artificially inflated prices. It’s like playing Monopoly with cheat codes! 🎲💰
But wait, there’s more! Prosecutors say he laundered the stolen money through digital asset swaps, bridging transactions, and crypto mixers, all in an attempt to hide the illicit proceeds. Talk about a digital shell game! 🐚💰
The Accused: On the Run and Playing Games
The Canadian has been on the lam since stealing from Indexed Finance in 2021. He’s defended his actions online, claiming they were legal under the “code-is-law” argument. Yeah, right! 🙄
In a 2023 interview with DL News, Medjedovic said he’d traveled through Europe and Latin America before settling on an undisclosed island. He insisted he’d turned to ethical hacking as a “more sustainable mode of being.” Ethical hacking? Is that what we’re calling it now? 🤔
After draining KyberSwap of approximately $50 million in crypto, blockchain investigators linked the incident to a wallet associated with the 22-year-old. When he tried to move the stolen crypto to Ethereum and was blocked, he allegedly contacted support to demand they process the transaction. Talk about chutzpah! 😂
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2025-02-04 21:42