A Canadian citizen has been charged with stealing cryptocurrency worth $65 million and laundering the proceeds from crypto platforms. The suspect, Andean Medjedovic, has been evading authorities since 2021.
Cryptocurrency Theft Charges
Andean Medjedovic, a former master's student at the University of Waterloo, has been charged with stealing cryptocurrency worth $65 million. Authorities claim he used his mathematical prowess for cybercriminal activities. Medjedovic was previously charged in Canada for the Indexed Finance hack.
Activities in the Crypto Space
Despite being a wanted man in Canada, Medjedovic remains active in the cryptocurrency landscape. His digital footprint suggests he identifies as a 'pirate' operating in a legal grey area. He attempted to control KyberSwap by returning a portion of the stolen money. He also manipulated prices by borrowing tokens and conducting trades at investors' expense.
Legal Actions and Further Investigation
The [U.S. Department of Justice press release](https://www.justice.gov/opa/pr/canadian-man-charged-65m-cryptocurrency-hacking-schemes) announced the measures being taken against Medjedovic. Trial Attorney Tian Huang from the Criminal Division’s Fraud Section, along with Assistant U.S. Attorneys Nicholas Axelrod and Andrew Reich, are further prosecuting the case as part of the National Cryptocurrency Enforcement Team (NCET).
Andean Medjedovic remains under investigation while authorities continue to combat cryptocurrency fraud, holding perpetrators accountable.
