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Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026

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Summary

Andean 'Andy' Medjedovic is a Canadian national charged by the U.S. Department of Justice in February 2025 with five federal counts related to the alleged theft of approximately $65 million across two DeFi exploits: the 2021 Indexed Finance hack ($16.5M) and the 2023 KyberSwap exploit ($48.8M). He has been a fugitive since December 2021, evaded extradition after a Serbian court rejected a Dutch arrest warrant in late 2024, and as of April 2026 wallets attributed to him by law enforcement had routed approximately $24.88 million through Tornado Cash, with an estimated $29 million in exploit proceeds remaining in identified wallets.

Connected Entities

9 entities · 60 linked investigations
Organizations
Ethereum64BitgetMango MarketsVitalik ButerinAndean Medjedovic
Exchanges
Andean Medjedovic (KyberSwap / Indexed Finance Attacker)Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026Indexed Finance
Protocols
KyberSwap
Relationships
  • Indexed Financementioned withEthereum(70%)
  • Indexed Financementioned withKyberSwap(70%)
  • Andean Medjedovicmentioned withEthereum(80%)
  • Andean Medjedovicmentioned withKyberSwap(80%)
  • Andean Medjedovic (KyberSwap / Indexed Finance Attacker)mentioned withEthereum(65%)
  • Andean Medjedovic (KyberSwap / Indexed Finance Attacker)mentioned withKyberSwap(80%)
  • Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026mentioned withEthereum(60%)
  • Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026mentioned withKyberSwap(70%)
  • Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026mentioned withBitget(60%)
  • Andean Medjedovic (KyberSwap / Indexed Finance Attacker)mentioned withAndean Medjedovic(80%)
  • + 14 more
Have evidence about Andean Medjedovic — KyberSwap/Indexed Finance Fugitive, Active Laundering 2026?

Timeline(13 events)

14 October 2021

Indexed Finance protocol exploited for approximately $16.5 million via alleged oracle manipulation using flash loans. Medjedovic later publicly admitted involvement.

DOJ / CoinDesk

December 2021

Ontario court issues bench warrant for Medjedovic's arrest following the Indexed Finance attack. Medjedovic leaves Canada and begins an extended period as a fugitive.

CBC News

22 November 2023

KyberSwap decentralized exchange exploited for approximately $48.8 million across 77 liquidity pools. Prosecutors allege months of prior planning.

DOJ

November 2023

Following the KyberSwap exploit, Medjedovic allegedly sends extortion demands to KyberSwap developers requesting full protocol governance control in exchange for returning 50% of stolen funds.

DOJ

11 December 2023

Dutch authorities issue a European arrest warrant for Medjedovic in connection with the KyberSwap hack.

CBC News

9 August 2024

Medjedovic arrested by Serbian authorities in Belgrade after arriving under an alias. Interpol Belgrade notified the same day.

CBC News / Balkan Insight

November 2024

Belgrade Higher Court rejects Netherlands extradition request after 105 days of detention. Court rules that evidence presented by Dutch prosecutors was insufficient to support suspicion of the alleged crimes and that Serbian law did not provide adequate sentencing provisions. Medjedovic is released from custody.

Balkan Insight

17 January 2025

U.S. DOJ filing states 'Defendant is believed to be at large in Bosnia.'

CBC News

3 February 2025

DOJ unseals five-count federal indictment against Medjedovic in the Eastern District of New York for the Indexed Finance and KyberSwap exploits totaling approximately $65 million.

DOJ

30 January 2026

Balkan Insight publishes investigation confirming Medjedovic's presence in Bosnia and Herzegovina following his escape from Serbian custody.

Balkan Insight

20 February 2026

Washington D.C. lobbying firm JM Burkman & Associates files FARA disclosure with the DOJ reporting a $300,000 retainer to seek a U.S. presidential pardon for Medjedovic.

CBC News

24 March 2026

Balkan Insight reports on the pardon lobbying effort and confirms Medjedovic's continued fugitive status following Serbia's release.

Balkan Insight

29 April 2026

Wallets attributed to Medjedovic route 2,900 ETH (approximately $6.8 million) through Tornado Cash in structured 100-ETH increments — the most significant on-chain activity in approximately one year. Cumulative Tornado Cash outflows from identified wallets reach approximately $24.88 million.

DL News / Bitcoin.com News / Bitget News
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 18 cited source URLs have an Internet Archive snapshot.

model: claude-sonnet-4-6

generated: 6/21/2026, 12:23:04 PM

last updated: 7/28/2026, 4:23:11 AM

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