US charges two brothers with novel $25 million cryptocurrency heist

Brothers allegedly steal $25 million in cryptocurrency in 12 seconds

Prosecutors say it only took 12 seconds for brothers to steal $25 million in cryptocurrency, but it took months of detailed planning.

Two MIT alumni brothers accused of $25 million crypto fraud in record time

The Justice Department said that this is the first time anyone has exploited the Ethereum blockchain's transaction validation protocols to fraudulently gain control over pending transactions. Once they gained control illicitly, the brothers allegedly manipulated all pending cryptocurrency transfers and stole $25 million from unsuspecting victims within an extraordinarily short...Read Entire Article

Two brothers studying at MIT charged with stealing $25 million worth of cryptocurrency

Two brothers studying at the prestigious Massachusetts Institute of Technology (MIT) were arrested on Wednesday (May 15) and charged with stealing $25 million worth of cryptocurrency. Authorities said that the brothers-  Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28,- carried out a cutting-edge scheme to exploit the Ethereum blockchain's integrity and steal millions of dollars of cryptocurrency, the news agency Reuters reported.

Two brothers accused of stealing $25 million worth of crypto

The brothers, Anton and James Peraire-Bueno, face up to 60 years in prison if convicted.

Two brothers arrested for allegedly stealing $25 million of crypto in 12 seconds

Prosecutors said Anton and James Peraire-Bueno, who both studied at the Massachusetts Institute of Technology, manipulated the ethereum blockchain to steal $25 million.