Medjedovic was arrested in Serbia at the request of Interpol in August 2024, after the Canadian arrived in Belgrade and booked an apartment under the fake name Lorenzo. The accused was to be extradited to the Netherlands, as the investigation claimed that the attack on KyberSwap occurred in a hotel in The Hague, where the hacker stayed using a fake Slovak passport in the name of Luka Krajovic. As evidence of the Canadian's guilt, Dutch authorities cited the use of an IP address associated with the hotel, which was involved in "suspicious activity." Medjedovic-Krajovic left the hotel the next morning after the hack, although he had paid for a month's stay in advance.
After 105 days following the arrest, the Belgrade Supreme Court denied the Dutch law enforcement's request for Medjedovic's extradition, and he was released. The Serbian court stated: the Dutch prosecution failed to prove that Medjedovic committed the crimes he was accused of. Furthermore, even if the accused indeed stole money from KyberSwap users, Serbian laws do not provide for extradition and imprisonment for such a crime, as stated in the case materials.
The Canadian himself categorically denied the charges in the Serbian court and requested not to be sent to the Netherlands, as he 'wants to have children in Serbia.' Regarding the fake passports, the defendant explained their presence by a desire to maintain confidentiality while trading cryptocurrencies and a reluctance to become a victim of fraud.
During a search, the accused was found with detailed notes describing alleged hacking schemes and step-by-step instructions for laundering cryptocurrency through mixers. There were also records with the text: 'Open a new bank account using a fake ID' and 'Order documents online (citizen of Russia + Brazil + USA)'. However, this did not affect the decision of the Supreme Court of Serbia.
The case of Medjedovic ended in late January 2025: at that time, according to the U.S. Department of Justice, the man was in Bosnia and Herzegovina, where he has relatives. Medjedovic's parents also hold Bosnian citizenship. Correspondence in the case between the young man and his father shows that the son asked his parents for Bosnian identity documents to 'obtain citizenship of another country.'
The U.S. Department of Justice accuses Medjedovic of two cryptocurrency thefts — $16.5 million from Indexed Finance users and $48.8 million from KyberSwap clients in 2023. Presumably, the Canadian had an unknown accomplice who helped launder money through crypto mixers and fake accounts on cryptocurrency exchanges. The accomplice's name is not disclosed, but it is known that it was a 'relative' who 'lived in Canada, Cambridge, Massachusetts, and other places'.#CZAMAonBinanceSquare $BTC
