The Decibel How a math prodigy-turned-fugitive siphoned millions in crypto
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Aug 8, 2025 Alexandra Posadzki, a financial and cybercrime reporter for The Globe and Mail, discusses the fascinating case of Andean Medjedovic, a math prodigy turned fugitive. They talk about how he allegedly siphoned off $65 million in crypto through complex hacking schemes. The conversation dives into the implications of the 'Code is Law' philosophy, the legal challenges he faces, and the ethical dilemmas within the decentralized finance landscape. Posadzki reveals insights into the mind of a fugitive and the intricacies of navigating legal repercussions in the crypto world.
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Prodigy Math Student's Rapid Rise
- Andian Medjedovic was a math prodigy who finished his master's in mathematics at the University of Waterloo by age 18.
- He started university just before his 15th birthday and rapidly advanced through his studies.
DeFi Flash Loan Exploit Mechanics
- Andy allegedly exploited a DeFi platform using a flash loan worth $157 million USD to manipulate token prices.
- This allowed him to siphon $16.5 million USD to his own digital wallet almost instantly.
Bug Bounty Offer Explained
- Platforms may offer a bug bounty to hackers who find vulnerabilities if they return most funds.
- Such offers imagine the hacker as a white hat working to improve platform security, not as a criminal.