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A New York federal court indictment claims Andean Medjedovic exploited Indexed Finance in October 2021 to steal about $16 million and targeted KyberSwap in November 2023

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According to a statement from the US Department of Justice, Medjedovic faces charges of wire fraud, unauthorized damage to a protected computer, attempted Hobbs Act extortion, money laundering conspiracy, and money laundering.
Medjedovic previously admitted to exploiting about $16 million from DeFi protocol Indexed Finance in October 2021, according to court papers.
According to a statement from the US Department of Justice, Medjedovic faces charges of wire fraud, unauthorized damage to a protected computer, attempted Hobbs Act extortion, money laundering conspiracy, and money laundering.
Andean Medjedovic was charged with wire fraud, computer hacking, attempted extortion and money laundering.
Court documents state that Medjedovic allegedly exploited automated smart contracts in the KyberSwap and Indexed Finance protocols between 2021 and 2023. Medjedovic is accused of borrowing tokens worth hundreds of millions of dollars to manipulate smart contract calculations.
Andean Medjedovic was charged with wire fraud, computer hacking, attempted extortion and money laundering.
Medjedovic previously admitted to exploiting about $16 million from DeFi protocol Indexed Finance in October 2021, according to court papers.
Court documents state that Medjedovic allegedly exploited automated smart contracts in the KyberSwap and Indexed Finance protocols between 2021 and 2023. Medjedovic is accused of borrowing tokens worth hundreds of millions of dollars to manipulate smart contract calculations.

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