Canadian Man Charged with Stealing $65 Million in Cryptocurrency

A Canadian antheral has been charged with a suit for stealing $65 cardinal successful cryptocurrency from 2 crypto platforms. He is besides charged with laundering his amerciable gains. According to authorities, Andean Medjedovic, a erstwhile master’s pupil astatine the University of Waterloo, has been escaping from the authorities since the twelvemonth 2021, aft being accused of amerciable wealth laundering of stolen crypto.

In the past, helium was already charged with a suit by Canadian courts for the Indexed Finance hack, with 1 justice acknowledging his “formidable mathematical abilities” successful mounting up the theft. His integer footprint indicates that helium identifies himself arsenic a “pirate” operating successful a ineligible grey area. Although helium is simply a wanted antheral successful Canada, helium remained progressive successful the cryptocurrency space. 

According to the property merchandise by the US Department of Justice,  successful speech for returning a information of the wealth that helium had stolen Medjedovic had adjacent tried to power KyberSwap.

He besides manipulated the prices by borrowing a ample fig of tokens, conducting trades, and profiting astatine the disbursal of investors. By exploiting vulnerabilities successful the astute contracts that facilitate transactions, helium managed to drain $49 cardinal from KyberSwap and $16 cardinal from Indexed Finance.

John Durham, the acting U.S. lawyer successful Brooklyn, stated that “The individuals similar Medjedovic, who instrumentality vantage of caller technologies to harm investors, volition beryllium held accountable nary substance wherever successful the satellite they perpetrate their crimes.”

However, Trial Attorney Tian Huang from the Criminal Division’s Fraud Section is portion of the National Cryptocurrency Enforcement Team (NCET)  on with Assistant U.S. Attorneys Nicholas Axelrod and Andrew Reich, are further prosecuting the case. 

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