Andean Medjedovic biography: 10 things about University of Waterloo alum

🔴2 hacks. 2 protocoles. 2 ans d’écart. Une étrange coïncidence ? 🫣

Ceci est une histoire d’arrogance, de génie mathématique et de ressemblances frappantes entre les hacks de Indexed Finance (2021) et KyberSwap (2023).

Andean Medjedovic

👉Ce nom ne va sûrement pas parler à… pic.twitter.com/6CmuCFHsMB

— OAK Research (@OAK_Res) December 1, 2023

Who is Andean Medjedovic?

Andean “Andy” Medjedovic is a Canadian hacker. Here are 10 more things about him:

1. He is an alumnus of the University of Waterloo in Waterloo, Ontario, Canada.
2. He holds a bachelor’s degree in mathematics.
3. He was born in 2002.
4. In 2021, he allegedly swiped $16.5 million from Indexed Finance.
5. From 2021 to 2023, he allegedly exploited vulnerabilities in the automated smart contracts used by the KyberSwap and Indexed Finance decentralized finance protocols.
6. In or around 2022, he conspired with another person to launder the proceeds of his illegal conduct via cryptocurrency exchange accounts opened using false information and a cryptocurrency mixer.
7. In December 2022 and September 2023, a coconspirator helped him open accounts at centralized digital assets exchanges.
8. In 2023, he allegedly swiped $48.8 million from KyberSwap and planned and executed a scheme to exploit vulnerabilities in its protocol. 
9. Between August 2023 and December 2024, he sent a coconspirator around $155,000 in digital assets in six transactions.
10. In February 2025, he was charged with wire fraud, computer hacking and attempted extortion.

TIMELINE

2021

• In October 2021, he used manipulative trading to exploit two Indexed Finance liquidity pools on the Ethereum network. 

2022

• In October 2022, he wrote to a journalist, “between this and my political projects. I was gonna ‘commit a crime’ someday lol, just a question of how severe and when.”

2023

• In October 2023, he wrote to someone in a private chat on an electronic communication service, “I’ve been working but no breakthroughs yet… trying to make a breakthrough on the finite field version, so I can steal crypto lol.”
• In November 2023, he exploited vulnerabilities in the KyberSwap computer code to drain the KyberSwap liquidity pools.
• In December 2023, he transferred around 2,000 ETH and wETH with an estimated market value of around $8.3 million through a bridge developed by the Bridge Protocol Developer from various Layer 2 protocols to the Ethereum blockchain.

2024

• In February 2024, an undercover law enforcement employee, who he thought was an individual introduced to hi to assist him in laundering the proceeds to the Ethereum blockchain, circumvented the blacklist and successfully completed the relay transactions which included multiple transaction through the Eastern District of New York, USA.

2025

• On February 3, 2025, an indictment was unsealed in federal court in Brooklyn, New York charging him with wire fraud, computer hacking and attempted extortion.