A wallet belonging to Andean Medjedovic, the hacker accused of exploiting DeFi protocols Indexed Finance and Kyberswap, has come to life after a year of inactivity. On Wednesday, onchain records showed the wallet sent approximately $13.5 million worth of Ether to Tornado Cash, a notorious mixer used to obscure the trail of stolen cryptocurrency. The transfer brings the total laundered from Medjedovic’s alleged hacks to almost $25 million. It remains unclear whether Medjedovic himself initiated the transactions; he has previously been suspected of conspiring with another person to move funds.
Medjedovic, a Canadian mathematics prodigy who graduated from the University of Waterloo at an accelerated pace, is accused of stealing roughly $65 million between 2021 and 2023 by exploiting code flaws in Indexed Finance and Kyberswap. In February 2025, the US Department of Justice charged him with wire fraud, computer hacking, and attempted extortion. Despite a brief arrest in Serbia in 2024, Medjedovic was released after prosecutors failed to provide sufficient evidence for extradition. This year, he hired a lobbying firm to seek a presidential pardon, echoing a broader trend of dropped enforcement actions under the current administration. The wallet’s recent activity highlights the ongoing challenge of holding cybercriminals accountable in decentralized finance.
In separate courtroom news, a federal judge on Tuesday delivered a sharp rebuke to Sam Bankman-Fried, the convicted founder of FTX. Judge Lewis Kaplan dismissed the former billionaire’s request for a new trial “with prejudice,” meaning it cannot be refiled. Bankman-Fried had claimed to have newly discovered witnesses who could prove FTX was merely illiquid rather than insolvent at the time of its collapse, but the judge called the argument “baseless” and noted that the supposed evidence had been known before the original trial and was previously excluded. With his presidential pardon efforts reportedly failing, Bankman-Fried’s only remaining path to freedom is a pending appeal, though the odds are slim—historically, only about 6% of federal criminal appeals succeed.
