Prosecutors say that Canadian “pirates” stole millions of millions in encryption.

Federal prosecutors in Brooklyn said on Monday that a Canadian man was charged with stealing $ 65 million of cryptocurrencies from a pair of encryption platforms and also with washing his illegal gains.

The defendant, Indian Medjovich, 22, cleared a sophisticated kyberswap, indexed financing, and encryption platforms that developed the services on which users exchanged symbols with each other. He stole nearly $ 49 million and $ 16 million, according to an indictment changed by the prosecutors in the eastern region of New York.

Prosecutors say that Mr. Medjedovic borrowed hundreds of millions of distinctive symbols and used them to manipulate prices through a series of trading on stock exchanges, then extracted symbols, and achieving profit and fraud on investors. Prosecutors say that the key to his plan is to exploit the weaknesses in the computer code, which determines the prices on these exchanges.

John Durham, the American lawyer in Brooklyn, said in a statement that people like Mr. Medjedovic “benefit from new technologies to harm investors” will get a responsibility regardless of where they are doing in the world. “

Mr. Medjedovic, who referred to the complaint who referred to himself as a “piracy” who “may or not a criminal” in special exchanges, is still generally.

He has been fleeing the authorities in Canada since 2021, when he was a master’s student at Waterloo University. That year, he was charged in Ontario of the same indexed financing scheme that he just made in Brooklyn, stealing its clouds using his “massive sporting powers”, according to a judge in Canada.

Current currencies are digital coins, unlike dollars, which are not supervised by any federal authority and can be traded online through stock exchanges. Its prices have increased sharply in recent years, With a height of bitcoin To more than $ 100,000 in December; President Trump’s encrypted currency, $ Trump, Also rose.

Crimes that involve encrypted currencies have become more common. In September, Federal Persons in Washington accused two men of stealing 230 million dollars of cryptocurrencies and then going in a splash in Los Angeles and Miami. Last month, the founder of a French Chefir Company was kidnapped and detained for ransom Before his release.

Mr. Medjedovic, who could not have been accessed for comment and has no lawyer, previously denied any violations in his circulation. In an interview 2022 With Bloomberg Businessweek, Mr. Medjedovic argued that his trading was legal, and that he had only discovered a “pricing opportunity” in smart contracts, or the blog that carried out deals.

According to the complaint, Mr. Medjedovic evaluated his Kyberswap chart starting from November 2023. After he stole the money, the general prosecutors said Mr. Medjedovic offered his half of it if Kyberswap gives him some controls on the exchange.

James E Deniha, Assistant Director in charge of the New York FBI office, said: “They steal the money that are not their money, and they break the laws of this country.”