It is claimed that the Canadian man stole $ 65 million in encryption, and he faces 90 years in prison

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The Canadian man, who stole $ 65 million of cryptocurrency, may face up to 90 years in the American prison if convicted.

According to the public prosecutors, Andean Medjedovic managed to withdraw millions of dollars from investor money from KybersWAP and financing an index from 2021 to 2023. He has not yet been arrested by the authorities, The New York Times reported.

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Public Affairs Office of the US Department of Justice and The Office of the Eastern American Lawyer in New York Data was released on Medjedovic on Monday.

“Criminals, like defendants who benefit from new technologies, will be held accountable for investors in the world who implement their plans in the world,” said American lawyer John Durham.

On Monday, an accusation was canceled against the 22 -year -old. It was presented in Brooklyn on December 30.

He said that medjedovic was a citizen in Canada and resides outside the United States. He obtained a master’s degree in mathematics from the University of Waterloo by the time when he was 19, For all the documents of the Ontario Court.

The indictment detailed its “carefully planned” exploitation of “the weaknesses of the automatic smart contracts” used by Kyberswap and indexed financing.

To enhance his fraudulent plans, medjedovic borrowed hundreds of millions of dollars in digital symbols, which he used to engage in deceptive trading that he knew would lead to the smart contracts for protocols to calculate the main variables falsely, “through his deceptive deals, Medjedovic enables to withdraw Millions of dollars of investor money from protocols at artificial prices, which made victim’s investments mainly.

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The indictment revealed some Medjedovic ideas about its alleged crimes, and it appears to be illuminated. On October 2021, in an online message, he said: “I have done something very cool, but unintentionally, I have accidentally paid this process. I may be fleeing forever now … I need some tips about becoming piracy.” Doxxing is when publishing information about a person on the Internet.

In addition to stealing the alleged cryptocurrency, it was claimed that medjedovic tried to wash the returns from KybersWap, including through the “bridge” protocols used to transfer the cryptocurrency from Blockchain to another, and through a cryptocurrency “mixer” used to hide the source of digital assets, “according to To explain a press from the US Public Prosecutor’s Office.

“After one bridge protocol froze many of its transactions, Medjedovic agreed to pay the secret law enforcement agent, which is presented as a software developer of approximately $ 80,000 to circumvent the restrictions of the bridge protocol and launch approximately $ 500,000 in the amazing cryptocurrency,” .

He is also accused of washing revenue from indexed financing with a co -conspirator.

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MEDJedovic was charged with fraud on wires, one of the Hobbs Act Stember, one of the money laundering plot, and one of the money laundering. Each of these charges carries a maximum sentence of 20 years in prison. He is also accused of one of the unauthorized damages of a mass computer, which carries a 10 -year penalty in prison.

If he is convicted of all charges, he may face imprisonment for up to 90 years.

“Sometimes infiltrators can be drawn in light of seduction through a pop culture, and some admire their skills and acumen. The FBI assistant James Denihy said,“ They steal the money that are not their money, and they break the laws of this country. Returning, will face justice. “

Medjedovic participated in a Canadian lawsuit several years ago.

In 2021, MEDJedOvic was accused of taking “$ 15 million in digital assets and storing it in a controlling portfolio,” according to it. Ontario Court documents. The company, Cicada 137 LLC, held codes of encrypted currencies on behalf of a small number of investors in the indexed financing facility, For every publication of a law calling canlii.

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Cicada filed a lawsuit against Medjedovic, claiming that he used “huge sporting ingenuity to devise and unleash a complicated computer attack against the index financing and mainly caused it to send $ 15 million in coded currency codes to others.”

A request has been granted to allow the search for evidence, such as passwords, associated with alleged Medjedovic theft. The authorities conducted the search at the home of my father, Medjedovic, where he lived previously. However, his parents said that he went out, took a computer and the phone with him. They did not know where it was.

Unlike one video conference call in 2022, Medjedovic did not attend other hearings.

It was found that in the court contempt. A judicial order was issued to arrest him.

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