Canadian national Andean Medjedovic has been accused of committing the $48-million exploit on DeFi protocol KyberSwap.
Federal prosecutors in the United States have filed charges against Andean Medjedovic, the hacker behind the $65-million hacks of two decentralized finance (DeFi) protocols.
On Feb. 3, the Department of Justice (DOJ) unsealed an indictment, charging Medjedovic on multiple counts, including wire fraud, computer hacking and attempted extortion for stealing $65 million from KyberSwap and Indexed Finance DeFi protocols.
The DOJ alleges that he used “deceptive trades” to exploit the protocols and offered a “sham settlement proposal” to KyberSwap after the fact. It also alleges that he tried to launder the ill-gotten tokens through an unnamed crypto-mixing service.