MIT Graduates Face Trial Over Alleged $25 Million Cryptocurrency Theft

According to Foresight News, two MIT graduates, the Peraire-Bueno brothers, are on trial in Manhattan federal court as of October 15. They are accused of exploiting a vulnerability in the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds in April 2023. Prosecutors have charged them with conspiracy, wire fraud, and money laundering, each carrying a maximum sentence of 20 years in prison. The defense argues that the brothers' actions were merely strategic maneuvers in an unregulated crypto market, not criminal acts source: https://www.binance.com/en/square/post/31053119792354?utm_source=BinanceNewsRSS