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KyberSwap hacker indicted on five criminal charges
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21-Year-Old Canadian Hacker Charged with $65M DeFi Heist From KyberSwap, Indexed Finance
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In November 2023, Medjedovic executed a strategic attack on KyberSwap, a DeFi protocol that enables liquidity pools across multiple public blockchains, including Ethereum and Arbitrum. He borrowed hundreds of millions in cryptocurrency to manipulate KyberSwap’s automated market-making system, creating artificial price movements that exploited a vulnerability in its algorithm.
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