kyberswap

Austria-based Raiffeisen Bank International will reportedly start providing cryptocurrency trading services to its customers, leveraging an existing partnership with crypto exchange Bitpanda.  The bank plans to roll out the services by the end of January 2024. The bank said the services will be available to its retail customers. Furthermore, the announcement stated that the company will leverage its existing partnership with Bitpanda to provide the services. Earlier this year, Bitpanda signed a letter of intent with the bank. According to the announcement, the services will be available only to customers in Vienna. “We are starting in Vienna, where about a quarter of Austria’s population lives,” Curt Chadha, the bank’s head of innovation, said in an interview. He added, “The customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.”Chadha noted that the services target digitally savvy customers looking for small-scale investments to pour money into. The executive added that the services will differ from similar offerings from other banks, which are aimed at high-end individuals with millions to invest. Meanwhile, the recent push by the bank highlights growing crypto adoption in the European Union. While regulators are still weary of crypto-related activities, crypto adoption has pushed up, especially in countries with clarity around crypto offerings.As earlier reported, in October, the European Securities and Markets Authority told crypto firms and national regulators to expect new regulations for the digital asset space. Furthermore, the regulator urged crypto companies to promptly seek operation authorization within the framework of the EU’s MiCA.#MtGox #WLD #KyberSwap #RichardTeng #etf $BTC $ETH $XRP

A young man #Canada is accused of attacking decentralized finance (DeFi) protocols to seize $65 million from investors, facing 5 charges but still on the run.
Hacker exploits DeFi vulnerabilities, stealing tens of millions of dollars.
The U.S. Department of Justice has just indicted Andean Medjedovic (22 years old, Canadian nationality) on charges of exploiting vulnerabilities in the KyberSwap and Indexed Finance platforms from 2021 to 2023 to misappropriate funds from investors, rendering their investments worthless.

⚖️ Freedom After a $65M Exploit? Serbia Refuses to Extradite Indexed Finance Hacker
The high-profile case of Andean Medjedovic, a 22-year-old Canadian coder accused of draining $65 million from KyberSwap and Indexed Finance, has taken an unexpected turn. After 105 days in a Serbian jail, the suspect has been released.
The Background
Medjedovic was arrested in Belgrade in August 2024 following an Interpol red notice. Dutch authorities sought his extradition, claiming he orchestrated the attacks from a hotel in The Hague while using a fake Slovakian passport under the alias "Luka Krajovic."
Why was he released?
The High Court in Belgrade delivered a ruling that has sparked intense debate in the crypto legal space:
Lack of Direct Evidence: The court ruled that linking a hotel IP address to the exploit was insufficient proof of Medjedovic's personal involvement.Legal Technicalities: According to the ruling, the nature of the alleged crime does not meet the specific criteria for mandatory extradition and detention under Serbian law.The "Privacy" Defense: Medjedovic denied all charges, claiming his use of multiple fake IDs was purely to "maintain privacy" while trading crypto and to avoid being targeted by scammers.
Damning Evidence?
During the search, authorities found detailed notes on hacking schemes, step-by-step guides on laundering crypto through mixers, and plans to acquire even more fake identities (including Russian, Brazilian, and U.S. passports). Despite these findings, the Serbian court maintained its decision.
What does this mean for the industry?
This case highlights the immense difficulty of cross-border DeFi investigations. Even when a suspect is identified and detained, jurisdictional differences can prevent prosecution.
For the crypto community, it’s a stark reminder: DeFi security relies on code and protocol audits. Recovering funds through the legal system remains a massive challenge, even when a suspect is caught.
Is this a win for legal due process or a dangerous loophole for cybercriminals? Share your thoughts below! 👇
#KyberSwap #IndexedFinance #CryptoSecurity #DeFi #Web3News

On February 3, the U.S. Department of Justice announced an indictment in Brooklyn federal court, charging Canadian citizen Andean Medjedovic with exploiting decentralized finance (DeFi) protocols KyberSwap and Indexed Finance, stealing approximately $65 million, and committing money laundering.

Medjedovic is accused of stealing $16.5 million from Indexed Finance in 2021 and then stealing $48.8 million from KyberSwap a year later. He also colluded with a relative to launder the funds through coin mixing and blockchain bridge services.