-
MIT-educated brothers are arrested for 'stealing $25 million in cryptocurrency in 12 seconds' in cutting-edge scheme targeting Ethereum blockchain
Two brothers who studied at the Massachusetts Institute of Technology have been arrested following claims they carried out a cutting-edge scheme to exploit the Ethereum blockchain's integrity and steal $25 million worth of cryptocurrency. Federal prosecutors in Manhattan called the scheme allegedly perpetrated by Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, 'novel' and said the case marked the first time that such a fraud had ever been the subject of U.S. criminal charges. Authorities believe they executed their elaborate heist in April 2023, claiming the pair stole $25 million from traders in just 12 ... (full story)