US EditionDid These MIT-Educated Brothers Steal $25 Million or Did They Simply Outsmart Crypto Trading Bots? A 'First-of-It's-Kind' Case Starts This Week.
The brothers allegedly exploited Ethereum blockchain flaws using a Maximal Extractable Value attack, stealing $25 million in 12 seconds, prosecutors said.
3 Articles
3 Articles
The feds say two brothers stole $25 million in crypto in 12 seconds. The defense says they merely outsmarted bots.
Brothers James Peraire-Bueno (left) and Anton Peraire-Bueno have been accused of pulling off a $25 million cryptocurrency heist.Laura Italiano/Business InsiderTwo MIT-trained brothers accused of a $25 million crypto heist go on trial Tuesday.A federal jury in Manhattan must decide if the 12-second transaction was fraud or fair play.The Peraire-Bueno brothers are charged with conspiracy, wire fraud, and money laundering.Federal prosecutors allege…
Federal Trial Unfolds Over $25 Million Ethereum Heist Executed in Just 12 Seconds – Digital News & Investigative Reports
Article Summary; Rapid $25M Crypto Exploit:Two MIT-educated brothers allegedly executed a $25 million Ethereum theft in just 12 seconds, marking one of the fastest exploits in blockchain history. Legal Battle Over Blockchain Ethics:The defense insists the brothers didn’t commit theft but used technical expertise to outmaneuver automated trading bots — a move prosecutors label as “fraud by manipulation.” Industry-Wide Implications:The outcome of…
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