Brothers Charged in $25M Ethereum Crypto Theft to Stand Trial in October 2025
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
A federal judge has scheduled the trial of two brothers accused of exploiting blockchain technology to conduct a crypto theft worth $25 million for October 14, 2025.
According to an announcement made during a hearing in the United States District Court for the Southern District of New York, the trial will focus on charges of wire fraud and money laundering against Anton and James Peraire-Bueno.
Anton and James Peraire-Bueno allegedly used a scheme involving maximal extractable value (MEV) bots to carry out the crypto theft within 12 seconds.
The brothers with expertise in mathematics and computer science are accused of exploiting Ethereum, manipulating blockchain protocols to intercept and alter transactions to steal approximately $25 million in crypto.
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