MIT Crypto Brothers Should Face New Trial Next Year, US Says

Anton Peraire-Bueno, third from left, and his legal team depart federal court in New York on Oct. 14.

Photographer: Christian Monterrosa/Bloomberg

Federal prosecutors want to retry two brothers accused of stealing approximately $25 million of cryptocurrency from traders on the Ethereum blockchain.

Government attorneys asked US District Judge Jessica Clarke in Manhattan to schedule a new fraud trial as soon as February against James and Anton Peraire-Bueno, both recent graduates of Massachusetts Institute of Technology, according to a court filing late Monday.