Gate News: Latest Crypto News and Cryptocurrency Prices

06:45

Two brothers who graduated from MIT applied to exclude Google search records related to the "$25 million encryption theft case".

PANews August 26 news, according to Decrypt, two brothers Anton and James Peraire-Bueno, both MIT graduates, submitted a motion to the federal court in Manhattan, New York, seeking to exclude their Google search records as evidence for allegedly stealing $25 million in cryptocurrency assets through a Blockchain vulnerability. The prosecution attempted to use their searches for "top encryption lawyers" and "wire fraud statute of limitations" to prove criminal intent, but the defense argued that these searches occurred during attorney consultations and are protected by attorney-client privilege. This case is considered the first criminal case involving the MEV-boost Blockchain vulnerability, and if convicted, the two could face up to 20 years in prison for each charge. U.S. District Judge Jessica G.L.

06:22

A U.S. judge denied the brothers' request to dismiss the $25 million encryption fraud charges.

Gate News bot news, U.S. District Judge Jessica Clarke has denied a motion by a pair of MIT graduate brothers to dismiss a $25 million crypto assets fraud charge. Prosecutors accused the Peraire-Bueno brothers of exploiting a vulnerability in the Ethereum network in May 2024 to execute an arbitrage attack through manipulating MEV Bots. Court documents show that the two used 16 Ethereum validation nodes and 529.5 ETH to intercept the MEV Bots' trading profits in just 12 seconds. Although the defendants argued that "the system code allowed such operations," the judge still found their actions constituted telecommunication fraud. The case is expected to go to trial in October 2025, with the brothers facing felony charges of telecommunication fraud and conspiracy to commit money laundering. The prosecution has dropped one count of conspiracy to receive stolen property, but the remaining charges will proceed to trial.

ETH4.6%

16:14

The U.S. Department of Justice's Southern District Attorney's Office announced the arrest of two brothers, Anton Peraire-Bueno and James Peraire-Bueno, on suspicion of exploiting a vulnerability in the Ethereum Blockchain to steal about $25 million worth of Crypto Assets in about 12 seconds. According to the indictment, the two suspects, who studied mathematics and computer science at a prestigious U.S. university, used their expertise to manipulate and tamper with Ethereum Blockchain transaction verification and protocol addition in order to fraudulently obtain victims' Crypto Assets. This is the first such attack in history. The two were charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to money laundering, each of which carries a maximum sentence of 20 years in prison. U.S. Deputy Attorney General Monaco said the defendants were not immune to justice despite months of planning and committing the sophisticated and never-before-seen fraud in a matter of seconds. （Justice）

ETH4.6%

Two brothers who graduated from MIT applied to exclude Google search records related to the "$25 million encryption theft case".

A U.S. judge denied the brothers' request to dismiss the $25 million encryption fraud charges.

Hot Topics

Crypto Calendar