On May 16, the Department of Justice Southern District Attorney's Office announced that Anton Peraire-Bueno and James Peraire-Bueno were arrested for allegedly exploiting a vulnerability in the Ethereum blockchain to steal about $25 million worth of cryptocurrency in about 12 seconds.
According to the indictment, the two suspects, who studied mathematics and computer science at a prestigious US university, used their expertise to manipulate and tamper with the transaction verification and addition protocol of the Ethereum blockchain in order to fraudulently obtain the cryptocurrency of their victims. This is the first time such an attack has ever occurred. The two are charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to launder money, each of which carries a maximum penalty of 20 years in prison. Deputy Secretary of the Department of Justice Monaco said that although the defendants planned for months and carried out this complex and unprecedented fraud in seconds, they still cannot escape justice.
US Department of Justice: Two brothers who attacked the Ethereum blockchain to steal 25 million US dollar cryptocurrency were arrested
2024-05-15 16:19:04
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