US charges Canadian over $65M KyberSwap, Indexed Finance hacks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Charges Against Canadian National: US prosecutors have charged Andean Medjedovic with hacking, money laundering, and wire fraud for allegedly stealing approximately $65 million from decentralized finance protocols KyberSwap and Indexed Finance through deceptive trading practices.
Attempted Extortion and Laundering: After the theft, Medjedovic reportedly attempted to extort victims by proposing a sham settlement and conspired to launder the stolen cryptocurrency using mixers and fake identities, while also paying an undercover agent to release frozen funds.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
