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CryptoIntelligence 2024-05-16 08:04:03

Brothers Indicted for $25 Million Crypto Theft in Groundbreaking Ethereum Blockchain Exploit

Brothers Indicted for $25 Million Crypto Theft in Groundbreaking Ethereum Blockchain Exploit

The United States Department of Justice has recently disclosed an indictment concerning a major cryptocurrency theft. According to the indictment, two individuals orchestrated a sophisticated scheme that undermined the Ethereum blockchain, resulting in the theft of $25 million in cryptocurrency. The individuals identified, brothers Anton Peraire-Bueno and James Pepaire-Bueno, have been formally charged with several serious offenses, including conspiracy to commit wire fraud, wire fraud itself, and conspiracy to commit money laundering. These charges relate directly to their actions, which involved manipulating blockchain transactions to illicitly acquire cryptocurrency. U.S. authorities detailed that the theft occurred “within approximately 12 seconds,” showcasing

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