Articles for tag: Andean Medjedovic, Canadian hacker, cryptocurrency theft, Decentralized Finance, DeFi protocols, KyberSwap, Wire Fraud

Market News

Young Hacker Exploits Glitch to Steal $48.8 Million in Crypto from KyberSwap, Feds Allege

A 22-year-old Canadian hacker, Andean Medjedovic, is wanted for allegedly stealing $48.8 million in cryptocurrency from the DeFi protocol KyberSwap. According to a recent indictment from the U.S. Attorney’s Office, he exploited vulnerabilities in KyberSwap’s code in 2023 by manipulating liquidity pools and executing specific trades to create what he referred to as a “glitch.” ...

Market News

US Charges Canadian Math Prodigy in Multi-Million Dollar Crypto Scam Involving $65M Scheme

A 22-year-old Canadian math prodigy, Andean Medjedovic, has been indicted for allegedly stealing around $65 million from two decentralized finance platforms, KyberSwap and Indexed Finance. He reportedly exploited vulnerabilities in these protocols, using deceptive trades to drain funds from liquidity pools. Medjedovic is also accused of attempting to extort victims and laundering the stolen crypto ...

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