Get the latest tech news

Canadian math prodigy allegedly stole $65M in crypto


Andean Medjedovic says he hopes his case will be dropped as American regulators have pulled back on cryptocurrency-related enforcement since U.S. President Donald Trump’s inauguration

In the fall of 2021, shortly after completing a master’s degree at the University of Waterloo, the math prodigy and cryptocurrency trader from Hamilton had conducted a complex series of transactions designed to exploit a vulnerability in the code of a decentralized finance platform. Indexed Finance’s leaders traced the attack back to Mr. Medjedovic, and made him an offer: Return 90 per cent of the funds, keep the rest as a so-called “bug bounty” – a reward for having identified an error in the code – and all would be forgiven. A slight kid with dirty blond hair, blue eyes and mischievously arched brows, Mr. Medjedovic grew up in Hamilton with his parents and his younger brother, Denean, and attended Westmount Secondary School, a highly-rated institution known for its unconventional self-directed approach to learning.

Get the Android app

Or read this on Hacker News

Read more on:

Photo of Canadian

Canadian

Photo of Crypto

Crypto

Related news:

News photo

How the ‘Buy Canadian’ movement is inspiring France’s ‘Le Boycott’

News photo

Canadian nuclear watchdog green-lights construction of first licensed SMR

News photo

Shine Is Off Canadian Stocks as Tariff Drama Hurts Tech and Gold