Overview
- The 22-year-old Canadian is accused in a U.S. indictment of stealing about $65 million from KyberSwap and Indexed Finance.
- Prosecutors allege he drained roughly $48.8 million from KyberSwap through precisely sequenced trades that exploited the protocol’s automated market maker.
- The indictment says he earlier manipulated Indexed Finance’s pools in October 2021 using borrowed assets, taking more than $16.5 million.
- Authorities traced his movements across several countries and arrested him in Belgrade on August 9, 2024, after Dutch investigators linked activity to a hotel in The Hague and obtained a European arrest warrant and Interpol Red Notice.
- Blockchain data shows the stolen funds remain dormant in tracked wallets, and investigators say prolonged evasion is difficult; if convicted without cooperation, he could face more than 10 years in prison.