Cryptocurrencies
MIT Brothers Arrested Over Rapid-Fire $25 Million Crypto Heist
- Brothers are charged with fraud over alleged Ethereum theft
- Scheme is first of its kind, federal prosecutors in NY say
The brothers are accused of carrying out the heist, plotted over the course of months, from their keyboards last year.
Photographer: Richard A. Brooks/AFP/Getty ImagesThis article is for subscribers only.
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.