CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

US D.O.J. Prices Canadian Nationwide In Multi-Million Crypto Fraud Scheme

05.02.2025
A A
0
120
VIEWS
ShareShare

Andean Medjedovic, a Canadian nationwide, has been charged with defrauding DeFi protocols KyberSwap and Listed Finance out of $65 million, a February 3 press launch from the US Legal professional’s Workplace of the Jap District of New York reveals.

KyberSwap, Listed Finance Fraudster Charged

In accordance with the Monday press launch, the 22-year-old man broke via KyberSwap’s coding to artificially alter the costs inside the protocol’s liquidity swimming pools.

“Medjedovic then calculated exact combos of trades that may trigger the KyberSwap AMM to “glitch,” in his phrases, permitting him to steal tens of tens of millions of {dollars} in cryptocurrency from the liquidity swimming pools,’ the US Legal professional’s Workplace states.

Shortly after the hack, Medjedovic tried to extort KyberSwap’s builders for management of the platform and its DAO, finally stealing $48.8 million value of cash from the crypto collective.

Insane indictment launched in the present day about Kyber exploiter. He drained 65M from Kyberswap Elastic in 2023.
His ideas:
"Happening the run / Sure / Probability of getting caught<Payoff for not getting caught / (NA) / Danger is usually underpriced in fashionable world."
Some 🤯 quotes beneath: pic.twitter.com/9baWSGTpwC

— olimpio (@OlimpioCrypto) February 3, 2025

The purported Canadian con man then moved to launder the stolen digital belongings via bridge protocols whereas using crypto mixing companies to obfuscate the supply of the illicit funds.

In an October 2021 incident, Medjedovic manipulated costs on Listed Finance’s index swimming pools utilizing borrowed cryptocurrencies, leading to over $16.5 million being drained from buyers.

The next 12 months, the now-indicted Medjedovic conspired with an unnamed confederate to launder the pocketed funds via fraudulent crypto trade accounts whereas additional hiding their origins via using a crypto mixer.

“Hackers can at instances be painted in a flattering gentle by popular culture, some admiring their abilities and acumen,” said FBI Assistant Director in Cost Dennehy. “They’re stealing cash that isn’t theirs, they usually’re breaking the legal guidelines of this nation.”

“We allege Andean Medjedovic violated a number of of these legal guidelines, and he, together with all the opposite cyber criminals who imagine they’re untouchable will face justice,” he added.

Andean Medjedovic Dealing with 90 Years Behind Bars

Regardless of this month’s indictment, The New York Occasions reviews that Medjedovic views himself as a crypto “pirate” and has been at giant since 2021.

In accordance with reviews, the U.S. Legal professional’s Workplace allegedly believes that the one-time College of Waterloo scholar is presently on the lam from the fees someplace exterior of the US.

Medjedovic has been charged with one rely of cash laundering, one rely of cash laundering conspiracy, one rely of wire fraud, one rely of tried Hobbs Act extortion, and one rely of unauthorized harm to a protected laptop. In whole, he faces as much as 9 a long time in jail.

The put up US D.O.J. Prices Canadian Nationwide In Multi-Million Crypto Fraud Scheme appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal
All news

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
0

ChatGPT’s AI model processed 42 live indicators, revealing a bearish analysis as Toncoin plunged 2.36% to $2.771 following the UAE...

Read moreDetails
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

07.07.2025
Load More
Next Post
Bitcoin realized cap hits $850 billion, establishing it as a worldwide macro asset

Bitcoin realized cap hits $850 billion, establishing it as a worldwide macro asset

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

US bank reveals $166M in crypto holdings: Q2 earnings report

US bank reveals $166M in crypto holdings: Q2 earnings report

2 years ago
One Meme Coin Bet Turns $1,548 Into Over $1 Million – How Did This Trader Do It?

One Meme Coin Bet Turns $1,548 Into Over $1 Million – How Did This Trader Do It?

8 months ago
Bitcoin Ordinals’ total mintage fees increase 700% from April: Report

Bitcoin Ordinals’ total mintage fees increase 700% from April: Report

2 years ago
NEAR Price Surges 13% Post Partnership With Alibaba Cloud

NEAR Price Surges 13% Post Partnership With Alibaba Cloud

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Trending

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
Analysis

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
0

Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors...

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz