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Kyber Network hacker Andean Medjedovic moves stolen funds to Tornado Cash

Arkham states that Andean Medjedovic, linked to the $48.8 million KyberSwap theft, has begun transferring funds to Tornado Cash (crypto mixing protocol).

Summary

Andean Medjedovic, identified in the source as the hacker behind the $48.8 million KyberSwap theft, is moving stolen funds to Tornado Cash (crypto mixing protocol), according to tracking by Arkham (blockchain analytics platform). The source also says Medjedovic previously stole $16.5 million from Indexed Finance and was charged by the FBI (U.S. federal law enforcement agency) in 2025. Transfers to Tornado Cash are typically closely watched because mixers can obscure on-chain transaction trails.

Terms & Concepts
  • Tornado Cash: A crypto mixing protocol that can obscure the origin and destination of blockchain transactions by pooling and redistributing funds.
  • Blockchain analytics: The process of tracking and analyzing on-chain transactions to identify wallet activity, fund flows, and possible links between addresses or entities.
  • KyberSwap: A decentralized exchange platform that lets users swap crypto assets directly from their wallets using smart contracts (self-executing blockchain code).