U.S. Charges Canadian Man With Stealing $65 Million in Crypto Hacks
U.S. prosecutors charged Canadian citizen Andean "Andy" Medjedovic, 22, with stealing $65 million in cryptocurrency through two hacks: the Indexed Finance hack in 2021 and the KyberSwap hack in 2023.
- Medjedovic allegedly stole $16 million from Indexed Finance as a teenager.
- The KyberSwap exploit involved stealing approximately $50 million.
- He has been on the run since December 2021, following an arrest warrant issued in Canada.
- Medjedovic claimed to be a whitehat hacker before the recent charges.
- He faces charges including wire fraud, unauthorized damage to a protected computer, Hobbs Act extortion, and money laundering conspiracy.
- The maximum penalty for his charges could total 90 years in prison.
Prosecutors allege he meticulously planned the KyberSwap hack, maintaining files that reflected on his actions and risks involved. Medjedovic remains at large and is believed to be outside the U.S.