Canadian national charged with stealing $65M from DeFi protocols KyberSwap and Indexed Finance
A Canadian national named Andean Medjedovic has been charged by US prosecutors for exploiting DeFi protocols KyberSwap and Indexed Finance, resulting in the theft of $65 million and money laundering. Medjedovic is accused of making "deceptive trades" to steal $16.5 million from liquidity pools on Indexed Finance in October 2021 and a similar attack on KyberSwap for $48.8 million in November 2023. Prosecutors allege that Medjedovic borrowed hundreds of millions of dollars in digital tokens and used them to engage in deceptive trading that caused the protocols' smart contracts to falsely calculate key variables. Medjedovic is currently at large, and his lawyers have not yet been identified.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement on Bitget listing CSCOUSDT, PEPUSDT, ACNUSDT STOCK Index perpetual futures
Stock Futures Rush: Trade popular stock futures and share $250,000 in equivalent TSLA tokenized shares. Each user can get up to $8,000 TSLA.
Bitget margin trading to support BGB cross margin trading and loans
Bitget margin trading to support BGB cross margin trading and loans
