Recently, the identity of the hacker behind the high-profile attacks on DeFi platforms Indexed Finance and KyberSwap has been revealed: Andean Medjedovic.
According to documents released by the U.S. Department of Justice on February 3, 2025, 22-year-old Medjedovic stole a total of $65 million—$16.5 million from Indexed Finance and $48.8 million from KyberSwap. These attacks sent shockwaves through the DeFi community and attracted intense scrutiny from U.S. authorities.
Medjedovic & Vitalik: Same School, Different Paths
Born in Canada, Medjedovic displayed exceptional talent early on, completing high school in Waterloo at just 14 years old. He then pursued a mathematics degree at the prestigious University of Waterloo, the same institution attended by Ethereum co-founder Vitalik Buterin.
However, instead of becoming a positive force in the blockchain space, Medjedovic chose a criminal path. Following his attacks, he devised a meticulous plan to cover his tracks and legitimize the stolen funds—demonstrating a deep understanding of the crypto ecosystem and sophisticated money laundering techniques.
Medjedovic is now a fugitive, facing multiple serious charges, including online fraud, computer system attacks, and extortion. He is also accused of laundering money through blockchain bridges and crypto mixers.
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