[Law] 22-year-old accused of $65 million crypto theft

Summary: Canadian Andean Medjedovic has been charged with stealing approximately million by exploiting vulnerabilities in decentralized finance protocols, specifically targeting KyberSwap and Indexed Finance. He is accused of draining funds from liquidity pools and laundering the stolen assets using complex transactions and false identities. If convicted, he could face significant prison time for various charges, including wire fraud and money laundering.

Affected: KyberSwap, Indexed Finance

Keypoints :

• Medjedovic stole about million by exploiting weaknesses in DeFi protocols.
• He drained approximately .4 million from KyberSwap and .5 million from Indexed Finance.
• Charges include wire fraud, conspiracy to commit money laundering, and unauthorized damage to a protected computer.