US charges 2 brothers for stealing $25 million worth of cryptocurrency in 12 seconds

US charges 2 brothers for stealing  million worth of cryptocurrency in 12 seconds

Ovunc Kutlu |

ISTANBUL – The US Justice Department said Wednesday it charged two brothers for stealing $25 million in cryptocurrency within approximately 12 seconds.

Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, were charged with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering.

back link building services=0></a></div><p>The Justice Department claimed the defendants exploited “the very integrity of the Ethereum blockchain to fraudulently obtain” $25 million worth of cryptocurrency.</p><p>The brothers were arrested Tuesday in Boston and New York, respectively, and will have a court appearance late Wednesday before US magistrate judge Paul G. Levenson in the District of Massachusetts and US magistrate judge Valerie Figueredo in the Southern District of New York, it said.</p><p>US Deputy Attorney General Lisa Monaco said the brothers used “a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds.”</p><div class='code-block code-block-5' style='margin: 8px 0; clear: both;'> <a href=https://www.adhang.com/guest-posting-services/ ><img class=lazy src=