US DOJ Accuses Brothers Of $25M Ethereum Fraud Linked To MEV Attack
Summary
The US DOJ arrested Anton and James Peraire-Bueno for orchestrating a 12-second attack on the Ethereum blockchain, stealing $25 million worth of crypto. They face charges of wire fraud, conspiracy to commit wire fraud, and money laundering. The scheme involved manipulating pending transactions and altering Ethereum's price. If convicted, they could face a maximum prison sentence of 20 years for each count. The IRS-CI used cutting-edge technology to trace the money trail. Ethereum is currently trading at $2,982, with a 3% increase in price over the past 24 hours. Bitcoin has surged by 5.5% during the same period.
