CANADIAN CHARGED WITH THEFT OF $65 MILLION WORTH OF CRYPTO FROM KYBERSWAP, INDEXED FINANCE, REMAINS AT LARGE

Summary from the TLDR Crypto newsletter

Canadian national Andean Medjedovic has been charged by U.S. authorities with multiple criminal counts, including wire fraud and money laundering, for allegedly stealing $65 million through exploits of two DeFi protocols: $48.8 million from KyberSwap in November 2023 and $16.5 million from Indexed Finance in 2021. The hacker demanded control over the Kyber platform, including its governance mechanism, in exchange for returning the funds. Medjedovic, who remains at large, faces charges of wire fraud, computer hacking, attempted extortion, and money laundering.