A 22-year-old Canadian man with ties to Waterloo Region has been accused by U.S. authorities of stealing US$65 million from two cryptocurrency platforms.

A 22-year-old Canadian hacker faces multiple federal charges for allegedly stealing $65 million through two separate cryptocurrency platform exploits while remaining a fugitive since 2021.

New York feds today unsealed a five-count criminal indictment charging a 22-year-old Canadian math prodigy with exploiting vulnerabilities in two decentralized finance protocols, allegedly using them to fraudulently siphon around $65 million from investors in the platforms.

The defendant, Andean Medjedovic, 22, undertook sophisticated hacks of KyberSwap and Indexed Finance, crypto platforms that developed services on which users exchanged tokens with each other. He stole roughly $49 million and $16 million, according to an indictment unsealed by prosecutors in the Eastern District of New York.

The man, still at large, faces five charges, including wire fraud, computer damage, extortion, and money laundering.

Andean Medjedovic, the man allegedly behind the KyberSwap and Indexed Finance exploits, has been indicted by federal officials in NY.

U.S. prosecutors charge Canadian mathematics prodigy in $65 million cryptocurrency heist targeting KyberSwap and Indexed Finance platforms.

A Canadian man who allegedly stole $65 million worth of cryptocurrency could face up to 90 years in an American prison if convicted. According to prosecutors, Andean Medjedovic was able to withdraw millions of dollars of investor funds from cryptocurrency platforms KyberSwap and Indexed Finance from 2021 to 2023.