A brilliant young financial hacker pulled off a daring €63 million crypto heist before vanishing without a trace—possibly to a secret island. This is the story of Andean Medjedovic.
The world of investments and cryptocurrencies is both highly complex and undeniably captivating. Unfortunately, it is also a high-risk sector teeming with opportunistic “pirates” who make headlines almost daily for attempted or successful fraud.
The latest case involves Andean Medjedovic, a young Canadian who, through manipulative trading tactics, managed to steal €63 million from investors before vanishing. Let’s examine how this was possible and who Andean Medjedovic really is.
What Andean Medjedovic Did
Let’s begin with a brief summary of the facts. Just days ago, a U.S. prosecutor filed an indictment against 22-year-old Andean Medjedovic, accusing him of orchestrating cyberattacks against the DeFi protocols KyberSwap and Indexed Finance.
According to investigators, Medjedovic allegedly leveraged millions in borrowed cryptocurrencies to manipulate prices within KyberSwap’s liquidity pools. Not stopping there, he then offered to return half of the stolen funds—on the condition that he be granted full control over KyberSwap’s protocols.
Beyond the technical details, this was an elaborate and large-scale fraud, executed between 2021 and 2023, that ultimately cost investors approximately €63 million.
Medjedovic’s Escape
Once the scheme was uncovered, the U.S. Department of Justice charged Medjedovic with hacking and wire fraud, later adding even more severe allegations, including extortion and money laundering.
However, a major obstacle remains—Medjedovic is currently at large, with rumors suggesting he may be hiding on a remote island. To complicate matters further, he is believed to have employed sophisticated techniques to obscure his tracks and render the stolen funds nearly untraceable.
Who Is Andean Medjedovic?
A fraud of this scale and sophistication is difficult to fathom—unless the perpetrator is a mathematical and programming prodigy like Andean Medjedovic.
A recent investigation by the New York Times uncovered remarkable details about his background.
Medjedovic graduated high school at just 14 before enrolling in the prestigious University of Waterloo to study mathematics. By 19, he had already earned a master’s degree and pursued doctoral studies while further honing his expertise in programming, particularly in advanced coding techniques.
Unfortunately, these skills enabled him to orchestrate one of the most audacious and technically sophisticated cryptocurrency heists in modern financial history.
Original article published on Money.it Italy 2025-02-12 13:32:05. Original title: Giovane genio criminale incassa 63 milioni di euro e fugge su un’isola misteriosa
