news 
22-Year-Old Canadian Hacker Accused of Stealing $65 Million in Cryptocurrency
A shocking development has taken place in the world of cryptocurrency as a 22-year-old Canadian hacker, Andean Medjedovic, has been accused of stealing a staggering $65 million from two separate platforms.
According to reports, Medjedovic allegedly manipulated crypto prices and smart contracts to drain millions of dollars from Indexed Finance in 2021 and KyberSwap in 2023. The young hacker is said to have exploited vulnerabilities in the systems, allowing him to borrow a large number of tokens, manipulate prices through trades, and then take the tokens to make a profit, cheating investors in the process.
The charges were brought against Medjedovic by U.S. prosecutors, who have accused him of wire fraud, computer hacking, and attempted extortion. It is alleged that he used his advanced mathematical skills to orchestrate these exploits, earning him the moniker “a formidable hacker.”
Medjedovic’s criminal activities did not go unnoticed for long, as Canadian courts had already charged him in 2021 related to a hack on Indexed Finance. However, rather than serving time behind bars, he fled the country and has been evading authorities ever since.
Despite being wanted in Canada, Medjedovic remained active in the cryptocurrency space, even attempting to negotiate control over KyberSwap in exchange for returning part of the stolen funds.
The incident highlights the growing concern about financial crimes in the crypto world. In recent times, there have been several high-profile cases of hackers stealing millions of dollars from unsuspecting investors.
In this instance, it is alleged that Medjedovic’s hacking activities were carried out with a level of sophistication and cunning that allowed him to escape detection for some time.
Source: coinpedia.org
