MIT Grads Indicted for $25M Ethereum Heist Executed in 12 Seconds

Brothers accused of exploiting blockchain vulnerability in first-of-its-kind scheme, face up to 60 years in prison.

Anton and James Peraire-Bueno allegedly used their computer science expertise to manipulate Ethereum transactions.
The heist involved exploiting a flaw in the MEV-Boost software, allowing them to steal $25 million in cryptocurrency.
The Department of Justice has charged them with conspiracy to commit wire fraud, wire fraud, and money laundering.
Prosecutors claim the brothers meticulously planned the heist for months before executing it in April 2023.
If convicted, each brother faces a maximum of 20 years in prison for each of the three charges.