Brothers charged with stealing $25 million in Ethereum in 12 seconds — Cryptocurrency heist exploited transaction validation process
In what U.S. prosecutors are calling the first case of its kind, a pair of brothers have been charged with stealing $25 million worth ofcryptocurrencyin just 12 seconds. They’re now charged with wire fraud and money laundering for the April 2023 heist. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, were reportedly educated at theMassachusetts Institute of Technology (MIT)in mathematics and computer science. Using the skills they learned at MIT,prosecutors say the duofound a way to exploit the Ethereum transaction validation process....