- 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 recommend 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 transfers adopted a transparent sample on the 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.
Nonetheless, the identical pockets nonetheless holds greater than $29 million in belongings. The utmost stability is 11,861 ETH, equal to a worth of roughly $27.58 million. It additionally holds 796.39 wstETH value 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 methods, 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 recent 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 heart of the case as a result of it makes it troublesome to hint. As soon as funds go by means of such providers, it turns into harder to hint their origin.
Investigators have beforehand pointed to mixers, swaps, and cross-chain bridges as strategies used to cover the traces of stolen belongings.
Nonetheless, blockchain exercise reveals that wallets related to the KyberSwap exploit are nonetheless transferring funds. The U.S. felony case remains to be ongoing and there was no public affirmation that Medjedovic has been taken into custody.
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