U.S. Prosecutors Charge Canadian Man With $65M Hacks of Indexed Finance, KyberSwap
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Feb 04 2025Charges Against Canadian Hacker: U.S. prosecutors have charged 22-year-old Canadian Andean “Andy” Medjedovic with stealing $65 million in cryptocurrency through two hacks, including the Indexed Finance exploit and the KyberSwap hack, while he has been on the run since December 2021.
Legal Consequences and Background: Medjedovic faces multiple charges including wire fraud and money laundering, potentially leading to a maximum of 90 years in prison; he previously claimed his actions were not illegal, similar to another hacker who was convicted for fraud.
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.
