American prosecutors have accused a 22 -year -old Canadian man of stealing a combined $ 65 million in cryptography through two decentralized finance hacks (defi) separate: the exploit of indexed finance of 2021 and Kyberswap 2023’s trick.
In a recently insecure accusation presented in the Eastern District of New York (Edny), prosecutors say that the “Andy” Medjedovic was the intellectual author behind both exploits. Although Medjedovic’s alleged role in Kyberswap’s exploit was previously unknown, he publicly admitted to be the indexed finance attacker, cleaning $ 16 million of the Defi platform when he was still a teenager.
Read more: after stealing $ 16 million, this teenage hacker seems to have the intention of proveing the ‘code is law’ in court
Medjedovic did little to hide his identity as the indexed finance hacker because he professed to believe that he was actually doing anything illegal. Another Defi hacker, Avraham “Avi” Eisenberg, took a similar position of “code is law” after its exploit of 2022 Mango Markets, claiming that the diversion of $ 110 million of the decentralized exchange was a fair game. A New York jury did not agree, finding Eisenberg guilty of market fraud and manipulation. He will be sentenced at the end of this year and face up to 20 years in prison.
Medjedovic has been fleeing since December 2021, when a Canadian court issued an arrest warrant. In 2023, he told a defilama reporter that he was “exhausting” living as a fugitive, saying that he had been bouncing in Europe, South America and an unidentified island nation while he was in the LAM. A spokesman for the Eastern District of New York (Edny) told Coindesk that Medjedovic remains “in general” and is not believed to be in the United States.
Eight months after telling the same journalist who was now a Whitehat hacker, prosecutors say Medjedovic stole around $ 50 million of Kyberswap. According to the accusation, Medjedovic planned Kyberswap’s hack for months before acting, writing to himself “find time to attack!” and create a “post-exploitation” plan for yourself.
In a file, Medjedovic supposedly reflected on their past mistakes, write “advance / yes / possibility of being caught
Medjedovic has been accused of an electronic fraud charge, a charge of unauthorized damage to a protected computer, a position of attempted extortion of the Hobbs Law, a position of conspiracy of money laundering and a money laundering charge. It faces a maximum penalty of 90 years in prison.
