The 22 -year -old Canadian infiltrator was accused of stealing $ 65 million in the encrypted currency
The 22 -year -old Canadian, Andrez Meaddovich, was charged with stealing $ 65 million from two encrypted currency platforms using advanced piracy technologies. American prosecutors revealed that he had targeted indexed financing in 2021 and Kyberswap in 2023. Meanwhile, he has been fleeing from the authorities since 2021.
The mastermind of $ 65 million
American court in Brooklyn officially accused Medjedovic Andes with wire fraud, computers penetration, and an attempt to blackmail. He is accused of stealing about 65 million dollars of cryptocurrency by exploiting the weaknesses in the encryption platforms.
Prosecutors say Andean Medjedovic borrowed a large number of distinctive symbols, processing through trading, then taking the distinctive symbols to achieve profit, cheating on investors.
By exploiting the weaknesses of smart contracts that facilitate transactions, he managed to deplete $ 49 million from Kyberswap and $ 16 million in indexed financing.
John Durham, the US lawyer in Brooklyn, warned that individuals who misuse technology to deceive investors will be followed, regardless of their workplace.
The term since 2021
Medjedovic, who was previously a promising master’s student at the University of Waterlo, has been evading the authorities since 2021. The Canadian courts have already accused him of indexed financing penetration, as one of the judges admitted his “huge sporting powers” in regulating theft.
His digital mark indicates that he sees himself as a “piracy” working in a legal gray area.
Although it is wanted in Canada, it remained active in the encryption space, and according to the complaint, until he tried to negotiate the control over Kyberswap for the return of the part of the stolen money.
Crosses in height
The encryption world has seen an increase in financial crimes. Only last year, two men were accused of stealing $ 230 million in digital assets and spelling in Los Angeles and Miami.
In addition, the founder of the French Chefir Company was kidnapped and detained for the ransom before its release.
With Bitcoin exceeding $ 100,000 and digital assets became more valuable, Internet criminals find new ways to exploit the system.
