US accuses Canadian math prodigy of $65M crypto scheme

U.S. prosecutors unsealed an indictment accusing 22-year-old Andean Medjedovic of exploiting vulnerabilities in KyberSwap and Indexed Finance smart contracts to siphon about $65 million from decentralized finance liquidity pools (including $48.4M from KyberSwap in Nov 2023 and $16.5M from Indexed Finance in Oct 2021). The allegations describe sophisticated manipulation of automated contracts via large token borrows and deceptive trades, attempts to launder funds across multiple blockchains using bridges, extortion messaging to bridge support, and documented post-exploitation plans; charges include wire fraud, unauthorized damage to a protected computer, attempted extortion, and money laundering.