Wallet Linked to Indexed Finance and Kyber Network Exploits Sells $2M in Crypto
- A wallet tied to the DeFi exploits of Indexed Finance and KyberSwap sold over $2 million in tokens after a year of inactivity.
- The wallet offloaded 226,961 UNI worth approximately $1.3 million, 33,215 LINK valued at $410,000, 845,806 CRV totaling $328,000, and over 5 YFI worth $17,500.
- US prosecutors allege Andean Medjedovic orchestrated both hacks, stealing about $65 million from the two platforms.
- A federal grand jury indictment unsealed in February 2025 charged Medjedovic with wire fraud, computer intrusion, extortion, and money laundering related to these thefts.
- Despite joint efforts by US and international authorities through 2025, Medjedovic remains at large.
A wallet connected to the Indexed Finance and KyberSwap exploits has reactivated after a year of dormancy to sell over $2 million in tokens. Allegedly orchestrated by Andean Medjedovic, these hacks resulted in a theft of approximately $65 million. Despite charges including wire fraud and money laundering being filed against him in early 2025, he remains at large.
Source (3.2)https://cryptobriefing.com/wallet-linked-indexed-finance-kyber-hacker-makes-move/?rand=59535
