A 22-year-old Canadian hacker, Andean Medjedovic, has disappeared from Serbian custody after allegedly stealing $65 million from two decentralized finance (DeFi) protocols. Medjedovic was first arrested in Belgrade in August 2024.
Medjedovic, a Hamilton native and math prodigy with a master’s degree earned at age 18, faces charges in multiple countries. His alleged crimes began in October 2021, when he manipulated Indexed Finance to drain $16.5 million from investors.
In November 2023, he allegedly exploited KyberSwap’s code to manipulate liquidity pools, stealing $48.8 million. He rejected KyberSwap’s bug bounty offer and demanded control over the platform, offering to return only half of the stolen funds.
Dutch authorities tracked him to The Hague using a fake Slovak passport. After traveling extensively across Brazil, Dubai, Spain, Bosnia, and Serbia, he was arrested in Belgrade under the alias “Lorenzo.”
During extradition proceedings, Medjedovic denied the allegations, claiming he holds only a Bosnian passport and expressing a desire to remain in Serbia. Court documents also revealed he maintained detailed instructions for laundering stolen crypto.
Despite being in custody, Medjedovic vanished. The stolen $65 million remains in dormant wallets, and authorities are monitoring his digital trail. Blockchain experts warn that modern tracking makes long-term evasion increasingly difficult.
If caught and prosecuted, Medjedovic could face more than 10 years in prison. Authorities continue to search for him, urging anyone with information on his whereabouts to come forward.
