{"id":148768,"date":"2025-02-06T10:00:28","date_gmt":"2025-02-06T08:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148768"},"modified":"2025-02-05T18:42:04","modified_gmt":"2025-02-05T16:42:04","slug":"canadian-hacker-faces-charges-for-48-8-million-crypto-heist","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/canadian-hacker-faces-charges-for-48-8-million-crypto-heist\/","title":{"rendered":"Canadian Hacker Faces Charges for $48.8 Million Crypto Heist"},"content":{"rendered":"
The U.S. Attorney\u2019s Office for the Eastern District of New York claims<\/a><\/strong> that Medjedovic took advantage of weaknesses in KyberSwap\u2019s code back in 2023.<\/p>\n Medjedovic is said to have manipulated the protocol\u2019s liquidity pools (LPs) by borrowing vast sums of cryptocurrency, inflating prices artificially.<\/p>\n This led to a “glitch” in KyberSwap\u2019s automated market maker (AMM), which allowed him to drain $48.8 million from 77 LPs spread across six public blockchains.<\/p>\n