A wallet tied to one of crypto’s most notorious hackers is laundering funds again

A wallet belonging to Andean Medjedovic, the hacker allegedly behind the Indexed Finance and Kyberswap exploits, is active again after a year-long hiatus.

On Wednesday, the wallet sent some $13.5 million worth of Ether tokens to Tornado Cash, a popular tool for laundering stolen crypto, onchain records show.

It’s not clear if Medjedovic himself is behind the transactions. The hacker has previously been accused of conspiring with another person to move stolen funds.

“It’s concerning to see a threat actor act with such confidence after exploiting multiple victims,” Specter, a pseudonymous blockchain investigator who has tracked Medjedovic’s onchain activity, said.

“Hopefully, he is apprehended and held accountable.”

Between 2021 and 2023, Medjedovic allegedly stole approximately $65 million by exploiting code bugs in two decentralised finance protocols: Indexed Finance and Kyberswap.

In February last year, Medjedovic was charged with wire fraud, computer hacking and attempted extortion by the US Department of Justice in connection with the two hacks.

Yet Medjedovic claims he’s innocent. He doesn’t deny his involvement, but argues that his actions were legitimate trades that exploited how the protocols’ code was written. This view is often referred to as “code is law” by industry insiders.

The recent activity brings the total amount of money laundered from Medjedovic’s hacks to almost $25 million.

Who is Andean Medjedovic?

Medjedovic, a Canadian national, is regarded…