Monday, February 3, 2025

Cyber Crime News Update

U.S. Department of Justice

Offices of the United States Attorneys

 
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02/03/2025 07:00 AM EST

An indictment was unsealed today in federal court in Brooklyn charging Andean Medjedovic with wire fraud, computer hacking and attempted extortion for stealing approximately $65 million in cryptocurrency from the KyberSwap and Indexed Finance decentralized finance (DeFi) protocols, which are sophisticated financial platforms residing on cryptocurrency blockchains.  
02/03/2025 07:00 AM EST

A five-count criminal indictment was unsealed today in federal court in New York charging a Canadian man with exploiting vulnerabilities in two decentralized finance protocols to fraudulently obtain about $65 million from the protocols' investors.
 

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