TechFlow news — On February 5, according to TokenPost citing CryptoPotato, the U.S. Department of Justice filed five criminal charges on February 3 against 22-year-old Canadian hacker Andean Medjedovic, including wire fraud, damaging a protected computer without authorization, extortion, and money laundering.
Prosecutors allege that Medjedovic hacked into two DeFi protocols, Indexed Finance and KyberSwap, between 2021 and 2023, stealing approximately $65 million in cryptocurrency by manipulating smart contracts.
The suspect argued that exploiting smart contract vulnerabilities was legal under the principle of "code is law," but this defense was rejected by U.S. prosecutors. If convicted, he faces up to 20 years in prison.
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