MIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain scheme

MIT-educated brothers, Anton and James Peraire-Bueno, were arrested for allegedly stealing $25 million in cryptocurrency from the Ethereum blockchain in just 12 seconds. Charged with wire fraud and money laundering, they reportedly used advanced skills from their studies to manipulate blockchain transactions and hide their gains through shell companies. The complex scheme involved months of planning but was executed rapidly, exploiting blockchain validators and altering transactions.