In a tale that would make Gogol himself chuckle, a certain Andean Medjedovic, a learned graduate of the University of Waterloo, has found himself at the center of a most peculiar and digital heist! Accused by the American legal eagles of wire fraud, computer tomfoolery, attempted bullying, and the fine art of money laundering, this mathematical maestro stands indicted.
Allegedly, this cunning Canuck cooked up a scheme so devious, it would make the devil himself blush. Through the manipulation of smart contracts, he is said to have siphoned off a princely sum from KyberSwap and Indexed Finance—$48.8 million and $16.5 million respectively! 🤑💸
Medjedovic, with a mischievous glint in his eye, reportedly made off with “millions in investor funds at prices so artificial, they would make a plastic surgeon jealous,” says the indictment. Poor investors were left holding onto digital dust, worth less than a child’s trinket. 😢🔥
This mathematical magician, it seems, did not simply pull off his caper in a flash. Oh no! He meticulously plotted, with files named “KYBER_KILL” and “templateexploit,” as if writing the script for a most thrilling play. He even had a “POOL HIT LIST,” timing his strikes with the precision of a master watchmaker, ensuring his victims were fast asleep. 🕰️💤
But the plot thickens! After the grand larceny, our math whiz reportedly tried to blackmail KyberSwap’s developers, investors, and DAO members, demanding control or else! 🕵️♂️💪
In a twist of irony, Medjedovic and his shadowy associate tried to clean their ill-gotten gains, using crypto mixers and bridges like a child playing hopscotch. They even opened accounts with fake identities, hoping to cash out without raising an eyebrow. 😏👀
When one blockchain bridge proved too clever for our cunning fox, he reportedly paid an undercover officer a handsome sum, believing he was bribing a developer to unlock his frozen fortune. O, the folly of it all! 🚔💰
If found guilty, Medjedovic may find himself in a cozy cell for up to 20 years for each count of his alleged misdeeds, and an extra 10 years for tampering with a computer. A most unpleasant arithmetic indeed! 🔢🚔
As for our intrepid lawmen, including the Dutch National Police Cybercrime Unit and the American prosecutors, they continue their chase, while Medjedovic remains as elusive as a ghost in the digital machine. 🏃♂️👻
But fear not, for KyberSwap has shown a heart as big as its losses, compensating the poor souls affected by the hack. A grand total of 1,371 recipients have been made whole again, or so they say. 🎁💖
KyberSwap Treasury Grant Completed
On 1st February 2024, KyberSwap launched the Treasury Grant Program to support Elastic’s affected users.
After 1 year of vesting, we’re happy to announce that the KyberSwap Treasury Grant has been fully distributed to 1,371 recipients based on…
— Kyber Network (@KyberNetwork) February 3, 2025
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2025-02-04 10:45