A federal court in New York unsealed on Feb. 3 a five-count criminal indictment against Andean Medjedovic for allegedly exploiting KyberSwap and Indexed Finance to steal $65 million.
Medjedovic has not been apprehended by law authorities as of Feb. 3 and remains at large.
According to a statement from the US Department of Justice, Medjedovic faces charges of wire fraud, unauthorized damage to a protected computer, attempted Hobbs Act extortion, money laundering conspiracy, and money laundering.
The charge of unauthorized damage to a protected computer carries a maximum penalty of 10 years in prison, while the other counts carry a potential 20-year sentence. 
Court documents state that Medjedovic allegedly exploited automated smart contracts in the KyberSwap and Indexed Finance protocols between 2021 and 2023. Medjedovic is accused of borrowing tokens worth hundreds of millions of dollars to manipulate smart contract calculations. 
This strategy allegedly allowed him to withdraw fu

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