A Canadian man stealed $ 65 million cryptocurrencies from the encryption platform pair and was accused of washing his illegal interests, stated on Monday.
Defendant Andes Meded Bitch (22 years old) has implemented a sophisticated and indexed finance of KYBERSWAP, a cryptocien platform that users developed services that exchanged tokens with each other. According to a prosecutor in the eastern New York area, he stealed about $ 49 million and $ 16 million.
According to prosecutors, Medjedovic borrows hundreds of millions of tokens, operate prices through a series of replacement transactions, extract tokens, increase profits, and deceive investors. According to prosecutors, the key to his plan said that he used the weaknesses of computer code to set these exchanges.
John Darrum, a US lawyer of Brooklyn, said that people like MessDovic, who use new technologies to harm investors, are “responsible for their planning.” I mentioned in the statement.
According to the complaint, Mege Dovic, who called himself a “pirate,” says, “It may be a criminal or not.”
He has fled from Canadian authorities since 2021, a master’s course at Waterloo University. That year, according to Canadian judge, he was charged with the same index financial scheme, just accused of Brooklyn, a stolen, with “formidable mathematical power” in Brooklyn.
Cryptocurrency, unlike the dollar, is a digital coin that is not supervised by the Federal authorities and can be traded online through exchanges. Their price has increased significantly in recent years, and bitcoin has rapidly increased to over $ 100,000 in December. And the price of Trump, President Trump’s own cryptocurrency, is rising rapidly.
Crimes including cryptocurrency are becoming more common. In September, Washington DC prosecutors stealed $ 230 million cryptocurrencies, spent spending in Los Angeles and Miami, accusing two men. Last month, the founder of the French cryptographic company was invited and detained for ransom before being released.
Medjedovic, who cannot be contacted for comments and has no lawyer, has previously denied the misconduct of his transaction. In an interview with the Bloomberg BusinessWeek in 2022, Medjedovic argued that his trading was legal and had just found a “incorrect price setting” in a smart contract or trading code.
According to the complaint, Medevich took over his KYBERSWAP scheme in November 2023. After stealing the money, the prosecutor said that Medjedovic has offered to return half of it if KYBERSWAP allows him to control the exchange.
“Hackers can be drawn in flattering light by pop culture,” said James E. Denehi, an assistant director in charge of the New York Field Office in the FBI. “They are stealing the money that is not they, and they have broken the law of this country.”
