US Prosecutors Charge Canadian Hacker in $65M Crypto Heist
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 04 2025Charges Against Andean Medjedovic: A 22-year-old Canadian, Andean Medjedovic, has been charged by U.S. authorities for allegedly stealing around $65 million from two DeFi protocols, Indexed Finance and KyberSwap, through manipulation of smart contracts and subsequent money laundering activities.
Ongoing Investigation and Impact: Medjedovic has been evading capture since 2021 and attempted to extort the developers of KyberSwap after the theft. Experts believe that even with his arrest, recovery of the stolen funds may be difficult due to subsequent hacks involving the stolen cryptocurrency.
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.
