The U.S. Department of Justice has charged a Canadian hacker with stealing $65 million from a DeFi protocol
According to ChainCatcher news reported by CryptoPotato, on February 3 local time, the U.S. Department of Justice charged 22-year-old Canadian hacker Andean Medjedovic with five counts, including telecommunications fraud, unauthorized damage to protected computers, extortion, and money laundering.
Prosecutors stated that Medjedovic hacked into two DeFi protocols, Indexed Finance and KyberSwap, between 2021 and 2023, stealing approximately $65 million in cryptocurrency by manipulating smart contracts.
The suspect argued that exploiting vulnerabilities in smart contracts was legal under the principle of "code is law," but this was rejected by U.S. prosecutors. If convicted, he faces a maximum sentence of 20 years in prison.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
