The Current How a Canadian math prodigy allegedly stole millions in crypto
Apr 15, 2025
Financial and cybercrime reporter Alexandra Posadzki delves into the intriguing case of Andean Medjedovic, a Canadian math prodigy who allegedly hacked his way to $65 million in cryptocurrency. She unpacks Medjedovic's justifications for his actions, rooted in the controversial 'Code is Law' philosophy. The discussion also reveals how his transformation from gifted student to notorious figure raises questions about ethics in crypto. Additionally, the tensions within the crypto community regarding theft and legal accountability come to light.
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Math Prodigy's First Crypto Exploit
- Andian Medjedovic, a math prodigy, exploited a cryptocurrency platform using a $157 million flash loan.
- He manipulated token prices and transferred $16.5 million US of digital tokens into his wallet.
Philosophy of Code is Law
- Medjedovic appears to believe in "Code is Law," a philosophy asserting that exploiting code vulnerabilities grants lawful ownership.
- This philosophy views code as supreme over conventional law in decentralized finance.
Second Major Crypto Theft
- Medjedovic struck again two years later on KyberSwap, using similar tactics.
- This time he stole $48.4 million US, an even larger sum than before.