Canadian Man Indicted for $65M DeFi Exploitation Scheme
- Andean Medjedovic, 22, is charged with exploiting vulnerabilities in KyberSwap and Indexed Finance.
- He allegedly obtained approximately $65 million from investors between 2021 and 2023.
- Charges include wire fraud, unauthorized computer damage, attempted extortion, and money laundering.
- If convicted, Medjedovic faces up to 20 years in prison per count of wire fraud and money laundering.
- The indictment details deceptive trades and the use of digital asset mixers to obscure transactions.
Andean Medjedovic is accused of manipulating smart contracts to defraud investors of $65 million through decentralized finance protocols. He remains at large while facing multiple charges that could lead to significant prison time if convicted.
Source (2.6)https://decrypt.co/304271/canadian-man-charged-for-exploiting-defi-vulnerabilities-in-65m-hacking-scheme?rand=52368
