"Medjedovic was charged by the U.S. Department of Justice in February 2025 with wire fraud, unauthorized damage to a protected computer, attempted Hobbs Act extortion, money laundering conspiracy, and money laundering."
"The move to Tornado Cash, a cryptocurrency mixer designed to obscure transaction trails, suggests that Medjedovic might be actively attempting to launder exploit proceeds that federal prosecutors have described as among the most technically sophisticated in DeFi history."
"Medjedovic targeted both Indexed Finance and Kyberswap using a variation of the same method in which he borrowed large volumes of digital tokens through flash loans and executed a sequence of trades engineered to cause the protocols' automated market maker smart contracts to miscalculate key internal price variables."
Andean Medjedovic, charged by the U.S. Department of Justice for stealing $65 million through two DeFi exploits, transferred 2,900 ETH valued at $6.8 million to Tornado Cash. He was charged in February 2025 for the Kyberswap and Indexed Finance hacks. Despite the involvement of multiple federal agencies, Medjedovic remains a fugitive. His use of Tornado Cash indicates an attempt to launder the proceeds from his exploits, which have been described as highly sophisticated in the DeFi space.
Read at news.bitcoin.com
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