Articles for tag: blockchain security, cryptocurrency theft, Decentralized Finance, Ethereum network, money laundering, smart contract vulnerabilities, U.S. Justice Department

Canadian Arrested for $65 Million DeFi Crypto Theft: A Deep Dive into the Exploits and Legal Consequences

The U.S. Justice Department has charged a Canadian man for stealing around $65 million by exploiting vulnerabilities in decentralized finance (DeFi) platforms. At just 22 years old, Andean Medjedovic allegedly used loopholes in the smart contracts of KyberSwap and Indexed Finance, draining nearly $65 million from various liquidity pools on the Ethereum network. After his ...