Close Menu
Cryprovideos
    What's Hot

    Chainlink (LINK) Value Falls 4% to $15.92 as Bears Goal Key Assist Ranges

    August 2, 2025

    What Is The FDIC Hiding? Coinbase Calls for Crypto Disclosure

    August 2, 2025

    Technique Inventory Worth May Almost Double as Bitcoin Treasury Goals to Dominate Market: Benchmark – Decrypt

    August 2, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Younger Hacker Used ‘Glitch’ To Steal $48,800,000 in Crypto From Buying and selling Platform KyberSwap, Allege Feds – The Each day Hodl
    Younger Hacker Used ‘Glitch’ To Steal ,800,000 in Crypto From Buying and selling Platform KyberSwap, Allege Feds – The Each day Hodl
    Crypto News

    Younger Hacker Used ‘Glitch’ To Steal $48,800,000 in Crypto From Buying and selling Platform KyberSwap, Allege Feds – The Each day Hodl

    By Crypto EditorFebruary 5, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A younger Canadian hacker is now wished after allegedly exploiting a “glitch” to loot $48.8 million in crypto from the decentralized finance (DeFi) protocol KyberSwap, in response to a brand new indictment.

    The U.S. Legal professional’s Workplace for the Jap District of New York alleges that Andean Medjedovic, 22, exploited vulnerabilities within the KyberSwap code in 2023.

    Prosecutors say he employed a whole lot of hundreds of thousands of {dollars} in borrowed crypto to generate synthetic costs within the protocol’s liquidity swimming pools (LPs). Medjedovic then allegedly triggered what he referred to as a “glitch” in KyberSwap’s automated market maker (AMM) by executing a selected mixture of trades, which enabled him to empty $48.8 million in crypto from 77 LPs on six public blockchains.

    The Canadian nationwide then allegedly tried to extort KyberSwap builders, demanding management of the protocol and its related decentralized autonomous group (DAO) in trade for 50% of the stolen crypto.

    Prosecutors accuse Medjedovic, who stays at massive, of trying to launder the looted crypto by way of bridge protocols and a digital asset mixer.

    He additionally allegedly exploited liquidity swimming pools from a special DeFi protocol, Listed Finance, again in 2021, plundering $16.5 million.

    The indictment, which was unsealed on Monday in a federal courtroom in Brooklyn, prices Medjedovic with wire fraud, laptop hacking and tried extortion.

    Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

    Test Value Motion

    Observe us on X, Fb and Telegram

    Surf The Each day Hodl Combine

    &nbsp

    Younger Hacker Used ‘Glitch’ To Steal $48,800,000 in Crypto From Buying and selling Platform KyberSwap, Allege Feds – The Each day Hodl

    Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in internet affiliate marketing.

    Generated Picture: Midjourney





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    What Is The FDIC Hiding? Coinbase Calls for Crypto Disclosure

    August 2, 2025

    Regulators Handed the Crypto Trade a 5-Yr Head Begin. Can Wall Road Catch Up?

    August 2, 2025

    Gate Trade Enters U.S. Market with Spot Crypto Buying and selling Providers

    August 2, 2025

    SEC Creates AI Job Power As Crypto Roundtables Tour the Nation

    August 2, 2025
    Latest Posts

    Technique Inventory Worth May Almost Double as Bitcoin Treasury Goals to Dominate Market: Benchmark – Decrypt

    August 2, 2025

    BTC ATH MONTHLY, TRUMP SPOOKS MARKETS, ALTCOINS LEAD FALLS – Decrypt

    August 2, 2025

    Bitcoin Dips as Trump Drama, Conflict Pressure, and Price Rants Rattle Markets ‣ BlockNews

    August 2, 2025

    Bitcoin Bull Run Stumbles: Analysts Predict a Attainable $111K Retest Quickly

    August 2, 2025

    Schiff: Bitcoin Reserve Would Be 'Final' Taxpayer Boondoggle

    August 2, 2025

    IMF Bows To Bitcoin—International Financial Requirements Overhauled

    August 2, 2025

    Crypto Rally Stalls as Dogecoin Tanks and Bitcoin Checks Key Help: Evaluation – Decrypt

    August 2, 2025

    US Inventory Market Loses Over $1 Trillion—Is Bitcoin About to Observe?

    August 2, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    What Is Chill Man? The Viral TikTok Meme Already Making Crypto Merchants Hundreds of thousands – Decrypt

    November 20, 2024

    Ripple CTO Questions $237 Million XRP Buy, Shiba Inu Crew Points Main Shibarium Replace, ​​814,661% Revenue Triggers Epic Ethereum Whale Awakening: Crypto Information Digest by U.Right this moment

    May 26, 2025

    Crypto Analyst Calls Wave 5 To Ship XRP Worth Above $6

    May 6, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.