US prosecutors have accused a 22-year-old Canadian man of stealing a total $ 65 million in crypto through two separate decentralized funding (defi) hacks-the-indexed funding utilization in 2023 and 2023 CyberSwap hack.
In a recently rude indictment filed in the eastern district of New York (Edny), prosecutors say Andes “Andy” Medjedovic was Mastermind behind both exploits. Although Medjedovic’s alleged role in the KyberSwap utilization was previously unknown, he has publicly admitted to being the indexed financial risk dried $ 16 million from the Defi Platform when he was still a teenager.
Read more: After stealing $ 16M, this teen -hacker seems to be keen on testing ‘code is law’ in the courts
Medjedovic did a little to hide his identity as the indexed funding hacker because he claimed to believe he did not actually do anything illegal. Another defi -hacker, Avraham “Avi” Eisenberg, entered a similar “code is a law” position after his mango markets in the 2022 markets claimed that sifing $ 110 million from the decentralized exchange was fair game. A jury in New York disagreed and found Eisenberg guilty of fraud and market manipulation. He will be sentenced later in the year and is exposed to up to 20 years in prison.
Medjedovic has been on the run since December 2021, when a Canadian court issued an arrest warrant for his arrest. In 2023, he told a defi lama reporter that it was “exhausting” to live as a refugee and said he had jumped around through Europe, South America and a named island nation while on lamb. A spokesman for the Eastern District of New York (Edny) told Coindesk that Medjedovic remains “largely” and not assumed to be in the US
Eight months after telling the same reporter that he was now a Whitehat hacker, prosecutors said Medjedovic stole about $ 50 million from KyberSwap. According to the indictment, the Medjedovic CyberSwap hacked for months before he traded and wrote to himself “Find time to strike!” and create a “post -utility” plan for themselves.
In a file, Medjedovic allegedly mouseed on his previous mistakes, writing “to go on the race / yes / chance to get caught
Medjedovic is charged with a counting of wire fraud, a counting of unauthorized damage to a protected computer, a counting of attempts at Hobbs Law Teachers, a counting of money for the conspiracy and a counting of money laundering. He faces a maximum sentence of 90 years in prison.
