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22-year-old math wiz indicted for alleged DeFI hack that stole $65Marstechnica.com/information-technology/2025/02/man-indicted-for-two-alleged-defi-hacks-that-stole-65-million/
181 sats \ 3 comments \ @0xbitcoiner 4 Feb Politics_And_Law
22-year-old Andean Medjedovic of Canada could spend decades in prison if convicted.
Federal prosecutors have indicted a man on charges he stole $65 million in cryptocurrency by exploiting vulnerabilities in two decentralized finance platforms and then laundering proceeds and attempting to extort swindled investors.
The scheme, alleged in an indictment unsealed on Monday, occurred in 2021 and 2023 against the DeFI platforms KyberSwap and Indexed Finance. Both platforms provide automated services known as “liquidity pools” that allow users to move cryptocurrencies from one to another. The pools are funded with user-contributed cryptocurrency and are managed by smart contracts enforced by platform software.
...read more at arstechnica.com
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19 sats \ 2 replies \ @Satosora 4 Feb
Slowly but surely the hackers make a mistake and can be caught. I guess the police bitcoin crew is getting up to snuff? For someone who made so much, 80k was what caught him up. Talk about greed.
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10 sats \ 1 reply \ @Scroogey 4 Feb
The plan ultimately unraveled after he developed a relationship with someone who turned out to be an undercover law enforcement source.
The fuck-up is usually not technical in nature. Like Ulbricht bragging in a bar.
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19 sats \ 0 replies \ @Satosora 4 Feb
People will always seek attention.
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