"As his flight departed from Amsterdam's Schiphol airport en route to Kuwait via Istanbul, Canadian crypto fugitive Andean Medjedovic was unaware that his globe-trotting lifestyle would soon be halted. Just two weeks later, on Dec. 11, 2023, Dutch authorities issued a European arrest warrant for the then 21-year-old, alleging he had pulled off a "sophisticated hack" that netted him $48 million US in cryptocurrency."
"Documents from extradition proceedings at the Belgrade Higher Court obtained by the fifth estate and the Balkan Investigative Reporting Network (BIRN) provide an extraordinary glimpse into the lifestyle and whereabouts of a young man with an alleged $65 million US in cryptocurrency burning a hole in his pocket and multiple countries seeking his arrest. For four years, Medjedovic's whereabouts have largely been a mystery to the public."
""He may be able to live large," said Kyle Armstrong, a former FBI agent who works at blockchain intelligence firm TRM Labs. "However, to pay your rent, to buy a car, to travel, there's not many places that are willing to accept cryptocurrency," he said. But "there are certain ways that if he has obfuscated his trail thus far, he may have cashed out some of his millions of dollars.""
Andean Medjedovic, a Hamilton native who finished high school at 14 and earned a master's at 18, is accused of a sophisticated hack that netted $48 million US in cryptocurrency. Dutch authorities issued a European arrest warrant on Dec. 11, 2023, and he was arrested nine months later in Belgrade, Serbia. Extradition documents from the Belgrade Higher Court indicate he held about $65 million US in cryptocurrency while traveling to Brazil, Dubai, Spain and elsewhere since late 2021. Public speculation followed his statements about South America, unnamed islands and a jail 'somewhere in Europe.' Experts note limited venues to spend crypto but suggest obfuscation could enable cashing out.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]