- In a brand new transfer, wallets related to the KyberSwap exploit transferred $24.88 million by means of Twister Money.
- The repeated transfers of 100 ETH counsel a coordinated laundering sample related to this incident.
- US fees stay energetic as funds associated to Medjedovic proceed to maneuver between wallets.
Knowledge from blockchain platform Arkham reveals the motion of funds linked to KyberSwap exploiter Andes Medjedovic. Wallets related to this incident have now transferred a complete of $24.88 million by means of Twister Money.
The switch adopted a transparent sample on-chain. The pockets made repeated withdrawals of precisely 100 ETH and despatched them to the Twister Money Router deal with. Some transfers occurred inside seconds or minutes of one another.
Nevertheless, the identical pockets nonetheless holds greater than $29 million in property. The utmost stability is 11,861 ETH, equal to a price of roughly $27.58 million. It additionally holds 796.39 wstETH price roughly $2.28 million.
Small balances of stablecoins and different tokens had been additionally seen. The remittance system attracted consideration as a result of the quantity and timing had been extraordinarily uniform.
KyberSwap case expands with accusations and new developments
Analyst Spector informed XPost that Medjedovic stole $65 million from the 2 protocols between 2021 and 2023. The protocols cited had been KyberSwap and Listed Finance.
US prosecutors have accused Medjedovic of exploiting weaknesses in each protocols. The suspect allegedly borrowed massive sums of cash, manipulated buying and selling techniques, and withdrew funds at inflated costs.
The U.S. Division of Justice launched the indictment on February 3, 2025. In that submitting, Medjedovic was charged with 5 crimes. The indictment was a serious step in U.S. litigation.
Earlier than this case, Medjedovic was already dealing with authorized issues in Europe. He was arrested in Serbia in 2024 on a warrant from the Netherlands. The Belgrade Excessive Courtroom launched him after 90 days because of inadequate proof.
After his launch, his standing remained unclear. There have been no public confirmations of latest arrests since then. His whereabouts additionally stay unknown.
Medjedovic resumes twister money transfer
On February 20, 2026, Medjedovic was reportedly appointed to the US presidential pardon effort by means of JM Berkman & Associates. The submitting alleges $300,000 was paid to a lobbying agency.
Two months later, the pockets exercise resumed. Funds had been as soon as once more moved by means of Twister Money. Twister Money stays on the middle of the case as a result of it makes it troublesome to hint. As soon as funds go by means of such companies, it turns into tougher to hint their origin.
Investigators have beforehand pointed to mixers, swaps, and cross-chain bridges as strategies used to cover the traces of stolen property.
Nevertheless, blockchain exercise reveals that wallets related to the KyberSwap exploit are nonetheless shifting funds. The U.S. prison case continues to be ongoing and there was no public affirmation that Medjedovic has been taken into custody.
Associated: North Korea stole 76% of April 2026 cryptocurrency hack in simply two assaults
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any variety. Coin Version shouldn’t be liable for any losses incurred on account of using the content material, merchandise, or companies talked about. We encourage our readers to carry out due diligence earlier than taking any motion associated to our firm.