The Division of Justice on Wednesday introduced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency inside roughly 12 seconds.
Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, have been arrested on Tuesday for fees of wire fraud and cash laundering.
DOJ known as it a “first-of-its sort” fraud, detailing the seconds-long scheme the place the Pepaire-Bueno brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million.
“As we allege, the defendants’ scheme calls the very integrity of the blockchain into query,” stated U.S. Lawyer Damian Williams for the Southern District of New York in an announcement.
That is breaking information. Please verify again for updates.
