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MIT Brothers Arrested Over Rapid-Fire $25 Million Crypto Heist - BLOOMBERG

MAY 15, 2024
  • Brothers are charged with fraud over alleged Ethereum theft
  • Scheme is first of its kind, federal prosecutors in NY say
By Ava Benny-Morrison

Two brothers who studied at MIT were charged with exploiting a weakness in the Ethereum blockchain and stealing $25 million in 12 seconds, in what prosecutors called a first-of-its-kind caper.

Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, were charged by federal prosecutors in Manhattan with fraud and money laundering offenses. They are accused of carrying out the lightning-fast heist, plotted over the course of months, from their keyboards last year.














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