Draft:2021 Hack of Indexed Finance
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Last edited by TheNuggeteer (talk | contribs) 16 days ago. (Update) |
On October 14, 2021, decentralized cryptocurrency investing platform Indexed Finance suffered a hack resulting in the loss of $15 million worth of cryptocurrency assets, though some sources disagree on this exact figure. Though initially unknown, the attacker was quickly identified as 18-year-old Andean Medjedovic thanks to his poor OPSEC.[1] [2] [3]
Aftermath
[edit]A civil suit seeking return of the assets to the hack was filed against Medjedovic first by Cicada 137 LLC, representing anonymous client(s). According to court documents, this lawsuit was filed no later than November 28, 2021.[4] On December 9th, 2021, founder Dillon Keller and core team member Laurence E. Day filed a class action against Medjedovic.[1] [4] Subsequently, Day and Keller were added as party intervenors to the Cicada 137 LLC v. Medjedovic case.[4]
Medjedovic fled the country before authorities could apprehend him.[5] [2] [3] On March 16, 2023, DLNews reported that Medjedovic claimed to currently reside on "an island".[6]
References
[edit]- ^ a b Beam, Christopher (2022-05-19). "The Math Prodigy Whose Hack Upended DeFi Won't Give Back His Millions". Bloomberg. Archived from the original on 2023-06-18. Retrieved 2024-06-25.
- ^ a b Paul, Gordon (2022-02-01). "Arrest warrant issued for teen University of Waterloo math grad in $15M crypto computer attack". Waterloo Region Record. Archived from the original on 2024-06-25. Retrieved 2024-06-25.
- ^ a b Paul, Gordon (2022-12-21). "Young Waterloo crypto fugitive remains in hiding, one year after arrest warrant issued". Waterloo Region Record. Archived from the original on 2024-06-25. Retrieved 2024-06-25.
- ^ a b c Cicada 137 LLC v. Medjedovic, 8473 ONSC (2021).
- ^ Cicada 137 LLC v. Medjedovic, 468 ONSC (2022).
- ^ Aarhus, Paige (2023-03-16). "Indexed Finance hacker now says he's a whitehat". DLNews. Retrieved 2023-06-25.