TechFlow, July 24 — According to Cointelegraph, U.S. District Judge Jessica Clarke has denied the motion to dismiss filed by brothers Anton and James Peraire-Bueno, ruling that their act of stealing $25 million in cryptocurrency by manipulating Ethereum network MEV bots constitutes wire fraud. The MIT graduate siblings executed this unprecedented exploit in just 12 seconds using a four-step "bait, block, search, and spread" plan, deploying 16 Ethereum validators to carry it out. Although the brothers argued their actions complied with the system's code rules, the judge found that the government sufficiently alleged conduct meeting the criteria for fraud. The case is currently in the pre-trial motions phase, with trial scheduled for October 2025.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
