American prosecutors billed a 22 -year -old Canadian to have stolen $ 65 million in crypto through two distinct decentralized financial hacks – the financial feat indexed in 2021 and the Kyberswap 2023 hack.
In a newly unavored accusation act filed in the Oriental District of New York (EDNY), prosecutors say that “Andy” MedoDovic was the brain behind the two exploits. Although Medjedovic’s alleged role in Kyberswap’s feat was previously unknown, he publicly admitted to being the indexed financial striker, wiping $ 16 million from the DEFI platform when he was still a teenager.
Read more: After having stolen $ 16 million, this teenage hacker seems determined to test “the code is the law” in the courts
Medjedovic did not do much to hide his identity as an indexed finance pirate because he claimed to believe that he was not illegal. Another pirate of Defi, Avraham “Avi” Eisenberg, took a similar “code is law” position after his operator in the mango markets in 2022, saying that siphoning $ 110 million in decentralized exchange was a equitable game. A New York jury did not agree, noting Eisenberg guilty of fraud and market manipulation. He will be sentenced later this year and risks up to 20 years in prison.
MedoDovic has been on the run since December 2021, when a Canadian court has issued an arrest warrant. In 2023, he told a journalist Defi Lama that he “exhausting” life as a fugitive, saying that he had rebounded through Europe, South America and an unnamed nationless nation during the LAM . A spokesperson for the Oriental District of New York (EDNY) told Coindesk that Medjedovic remained “in general” and is not supposed to be in the United States
Eight months after telling the same journalist that he was now a Whitehat hacker, the prosecutors say that Medjedovic stole approximately $ 50 million in Kyberswap. According to the indictment, Medjedovic planned the hacking of Kyberswap for months before acting, writing to “find him time to hit!” And create a “post-exploitation” plan for itself.
In a file, Medjedovic would have thought about his past mistakes, writing “in the race / yes / chance of being caught
Medjedovic was accused of a wire chief of fraud, an unauthorized damage chief to a protected computer, a chief of attempted extortion of Hobbs Act, a chief of conspiracy of money money and a silver laundering chief. He risks a maximum sentence of 90 years in prison.
