Cryptocurrency hacker steals $ 65 million in digital tokens

Coinpedia reports: 22-year-old Canadian Andean Medjedovic is accused of stealing $ 65 million from two cryptocurrency platforms. According to the U.S. Attorney’s Office, using sophisticated hacking techniques, the attacker hacked Indexed Finance in 2021 and KyberSwap in 2023.

A court in Brooklyn charged him with fraud, computer hacking, and attempted blackmail. According to the investigation, Medjedovic manipulated token prices using loans to make a profit, and thus withdrew $ 49 million from KyberSwap and $ 16 million from Indexed Finance.

The former University of Waterloo student has been hiding from law enforcement since 2021. Canadian courts have already recognized him as a mathematical genius who uses his abilities to commit fraud. According to the case file, he tried to negotiate control over KyberSwap in exchange for the return of some of the stolen funds.

The crypto industry is facing an increase in crime. Last year, two men stole $ 230 million in digital assets, and the founder of a French crypto company was kidnapped and held for ransom. As the value of bitcoin BTC $95,838.41 Bitcoin -0.93% Market capitalization $1.9 trillion VOL. 24 hours $0.92 billion rises above $ 100,000, hackers are finding new ways to attack financial platforms.