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US prosecutors charged Canada Man with $ 65M hacks of Indexed Finance, Kyberswap



US prosecutors will be charged by a 22-year-old Canada person with the robbery of a combined $ 65 million in crypto by two separate decentralized financial hacks (DEFI) -The 2021 financial exploitation And the 2023 Kyberswap Hack.

In a newly-unsealed accusation In the Eastern District of New York (Edny), prosecutors Andean “Andy” Medjedovic said the mastermind behind the same exploitation. Although Medjedovic’s alleged role in exploiting Kyberswap was previously unknown, he had The public admitted Being a financial attack, wipe $ 16 million from the Defi platform when he was a teenager.

Read more: After stealing $ 16m, this teen hacker seems to be a test of ‘code’ in courts in courts

Little Medjedovic did to hide his The identity as the financial hacker index Because he said he believed he wasn’t really doing anything illegal. Another defi hacker Avraham “Avi” Eisenberg, took a similar position “Code is Law” after exploiting its 2022 Mango Markets, claiming that the suphoning of $ 110 million from the decentralized exchange was Fair game. A New York jury Not to agree, Eisenberg’s search is guilty of fraud and market manipulation. He will be punished later this year, and will face 20 years in prison.

Medjedovic has run since December 2021, when a Canadian court issued a warrant for his arrest. In 2023, he told a defi llama reporter This is a “tedious” lifestyle as a fugitive, which says he is bouncing around Europe, South America and an unnamed island while on Lam. A spokesman for New York’s Eastern District (Edny) told CoinDesk that Medjedovic remains “large” and is not believed to be in the US

Eight months after saying the same reporter he was a Whitehat hacker, the Medjedovic prosecutors said Stole nearly $ 50 million from Kyberswap. According to the accusation, Medjedovic planned Kyberswap hack for months before acting, writing to himself “Find the time to strike!” and creating a “post-exploitation” plan for himself.

In a file, Medjedovic has accused his past mistakes, written “continuity / yes / chance to catch

Medjedovic will be charged with a number of wire fraud, a number of unauthorized injuries to a protected computer, a number of attempts by the Hobbs Act Extortion, a number of conspiracy of money in order and a number of money losses. He faced a maximum penalty of 90 years in prison.



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