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Two siblings who attended the Massachusetts Institute of Technology are now facing allegations of exploiting a vulnerability in the Ethereum blockchain. The duo reportedly swindled $25 million within 12 seconds, which the prosecutors labeled as a first-of-its-kind caper.Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing federal charges in Manhattan for fraud and money laundering.
“The Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds.” The siblings reportedly targeted Ethereum traders by fraudulently accessing pending private transactions and subsequently modifying them to acquire their victims’ cryptocurrency.
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DOJ accuses two MIT grads of Ethereum heist that netted $25 millionThe brothers, Anton and James Peraire-Bueno, face up to 60 years in prison if convicted.
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Justice Department charges brothers with $25 million Ethereum heist that took 12 secondsDOJ arrested the two brothers on Tuesday for wire fraud and money laundering charges.
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DOJ charges brothers with $25 million Ethereum heist that took 12 secondsDOJ arrested the two brothers on Tuesday for wire fraud and money laundering charges.
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Two Brothers Have Been Charged With Stealing $25 Million in Crypto in 12 SecondsAnton and James Peraire-Bueno, two brothers who went to M.I.T., have been charged with stealing $25 million in cryptocurrency in just 12 seconds.
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Justice Department charges brothers with $25 million crypto theft that took 12 secondsAnton Peraire-Bueno, of Boston, and James Peraire-Bueno, of New York City, were arrested on charges of conspiracy to commit wire fraud, wire fraud and money…
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Brothers allegedly steal $25 million in cryptocurrency in 12 secondsRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
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