KyberSwap

2021-10-01

Indexed Finance DeFi protocol exploited for approximately $16 million. Andean Medjedovic later publicly acknowledged responsibility.

2021-12-01

Canadian court issues arrest warrant for Andean Medjedovic in connection with the Indexed Finance exploit. Medjedovic does not appear and becomes a fugitive.

2023-11-22

KyberSwap Elastic pools exploited via tick-manipulation and liquidity double-counting attack. Approximately $48.8 million drained from 77 pools across 13 chains. TVL drops from ~$80M to ~$22M.

2023-11-22

Kyber Network issues emergency advisory urging all users to withdraw funds from KyberSwap Elastic.

2023-11-23

Attacker posts on-chain message: 'negotiations will start in a few hours when I am fully rested,' taunting victims and referencing Ontario, Canada.

2023-11-30

Attacker, styling themselves 'Kyber Director,' posts on-chain ransom letter demanding complete executive and governance control of Kyber Network in exchange for returning 50% of stolen funds. December 10 deadline set.

2023-12-01

Netherlands issues a European arrest warrant for Andean Medjedovic in connection with the KyberSwap exploit. Dutch extradition documents allege the attack was carried out from a hotel in The Hague using a fake Slovak passport.

2023-12-10

Attacker's stated deadline for Kyber Network to comply with control demands passes without agreement.

2023-12-20

KyberSwap launches Treasury Grant Program offering affected users 60% immediate or 100% long-term stablecoin compensation for unrecovered losses.

2023-12-24

Kyber Network CEO Victor Tran announces 50% workforce reduction to sustain operations following the exploit.

2024-01-19

Treasury Grant Program UI opens for affected user registration and option selection.

2024-02-01

KyberSwap Treasury Grant vesting begins for eligible users.

2024-09-01

Andean Medjedovic arrested in Belgrade, Serbia, approximately nine months after the Dutch arrest warrant was issued.

2025-01-17

After 105 days in Serbian custody, Belgrade Higher Court denies Dutch extradition request. Medjedovic released and subsequently reported to be at large in Bosnia per DOJ filing.

2025-02-03

U.S. Department of Justice (EDNY) unseals federal indictment against Andean Medjedovic charging five counts including wire fraud, CFAA violations, Hobbs Act extortion, and money laundering conspiracy, covering $65 million across KyberSwap and Indexed Finance.

2026-01-30

Reports confirm Medjedovic has resurfaced in Bosnia after escaping Serbian custody. Interpol Red Notice remains active.

2026-03-24

Reports indicate Medjedovic has hired Washington D.C. lobbyists at a reported cost of $300,000 to pursue a presidential pardon.