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Canadian Man Indicted for $65 Million DeFi Theft

/ 1 min read

💰🔍 Canadian man charged with stealing $65 million through DeFi exploits. The U.S. Justice Department has indicted 22-year-old Andean Medjedovic for allegedly exploiting vulnerabilities in decentralized finance (DeFi) protocols, resulting in the theft of approximately $65 million. Medjedovic reportedly targeted the KyberSwap and Indexed Finance platforms, draining around $48.4 million from KyberSwap liquidity pools and $16.5 million from Indexed Finance. Following the theft, he attempted to extort victims with a fake settlement proposal. The charges against him include wire fraud, unauthorized damage to a protected computer, attempted extortion, conspiracy to commit money laundering, and money laundering, with potential sentences totaling up to 20 years for each charge.

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