The Decibel How a math prodigy-turned-fugitive siphoned millions in crypto
May 2, 2025
Alexandra Posadzki, a financial and cybercrime reporter for The Globe and Mail, dives into the shocking saga of Andean Medjedovic, a math prodigy who became a fugitive after allegedly siphoning $65 million in cryptocurrency. She discusses his rapid rise through academia and subsequent descent into the dark side of decentralized finance. The conversation highlights the controversial philosophy of 'Code is Law' in crypto, the ethical dilemmas surrounding his exploits, and the legal challenges he faces as his story unfolds.
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Prodigy Completes Master's at 18
- Andian Medjedovic was a math prodigy who completed a master's degree at age 18.
- He rapidly advanced through education, starting university just before turning 15.
Flash Loan Exploit Uncovers $16.5M Scheme
- Andy exploited Indexed Finance using a flash loan to manipulate token prices.
- This allowed him to siphon $16.5 million in digital tokens to his wallet.
Bug Bounty Offer Rejected
- Indexed Finance offered Andy a bug bounty to return 90% of the stolen funds.
- They proposed white hat status and no charges if he cooperated, but he refused.