American public prosecutors receive Canadian pirates in the theft of $ 65 million

The 22 -year -old Canadian American authorities accused Andz Medjedovic of alleged the theft of nearly $ 65 million of decentralized financing protocols (Defi), indexed financing and KYBERSWAP.

On February 3, the US Department of Justice announced that a federal court has canceled an accusation of five numbers against it.

Attractive to Medjedovic

According to the court DocumentsMedjedovic dealt with smart contracts on the two platforms between 2021 and 2023, and to deceive the protocols in the assessment of the main financial variables. This allowed him to withdraw money at artificial prices, causing great losses to investors.

Prosecutors say it is laundering stolen money through the bodies of digital assets, filling transactions, and encryption mixers in an attempt to hide the illegal returns.

American lawyer John J. Durham is alleged crimes as “a very sophisticated scheme for exploiting a central financing protocol and stealing tens of millions of dollars from the encrypted currency from investors.”

The authorities also claim that after the exploitation of Kyberswap, the accused sought to blackmail the protocol developers and investors, demanding full control of the platform and Dao in exchange for returning half of the stolen assets.

Medjedovic has been accused of fraud, unauthorized damage to a mass computer, tried to extort under Hobbes Law, and two accusations of money laundering. If convicted, he may receive a 10 -year maximum penalty for computer damage and up to 20 years for the other four charges.

Suspect

Al-Kindi has been fleeing since the steal of indexed financing in 2021. He defended his actions via the Internet by claiming that it was legal under the argument of “law-law” unreliable, which indicates that the exploitation of defects in smart contracts is a fair game.

In 2023 interview With DL News, Medjedovic stated that he had traveled across Europe and Latin America, and eventually settled on an unveiled island. While escalating questions about exploitation, he insisted that he turned into ethical piracy as a “more sustainable way of existence”.

After months, Kyberswap was drained with about $ 50 million in Crypto. Blockchain investigators linked the accident to a 22 -year -old wallet, who later transferred two million dollars to one of them separate.

After exploitation, prosecutors say he tried to transfer stolen encryption to Ethereum but was banned by developers. With frustration, he claimed that he had contacted support to demand treatment.

Lawrence Day, co -founder of indexing finance, believes that the arrest of the suspect will not bring little comfort to the victims. He pointed out that a lot of stolen encryption was later taken in a separate penetration, which complicates the recovery efforts.