- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
US judge denies brothers motion to dismiss $25 million crypto fraud charges
Odaily News U.S. District Judge Jessica Clarke rejected a motion by the Peraire-Bueno brothers, MIT graduates, to dismiss charges of $25 million in cryptocurrency fraud. Prosecutors accused the brothers of exploiting a vulnerability in the Ethereum network in May 2024 to conduct an arbitrage attack by manipulating the MEV robot. Court documents show that the two developed a four-step plan of bait-block-search-propagate, using 16 Ethereum verification nodes and 529.5 ETH as bait to intercept the trading profits of the MEV robot within 12 seconds. The judge determined that their actions met the requirements of wire fraud, although the defendant argued that the system code allows such operations. The case is expected to go to trial in October 2025, and the brothers face felony charges such as wire fraud and conspiracy to launder money. Prosecutors have dropped one of the charges of conspiracy to receive stolen property, but the remaining charges will still enter the trial process. (Cointelegraph)
You may also like
Can AI Beat Human Traders? Inside the WEEX Amsterdam Crypto Trading Showdown
Manual traders vs. AI bots. We put them head-to-head in a live crypto showdown in Amsterdam. Speed vs. intuition, data vs. gut feeling. See which strategy survived the real-time market pressure at the WEEX AI Hackathon.
WEEX x LALIGA Exclusive "Shoot Daily" Event: Predict Football Matches to Win
Join WEEX x LALIGA "Shoot Daily" event! Predict football matches, win BTC & exclusive co-branded jerseys. Trade, refer & earn spins. Feb 9–28. Play now!
Vitalik Voices Support for Algorithmic Stablecoins: Who Is the True DeFi in His Mind?
Advertisement on American Primetime TV Feels Like a Scam
Why Don't Crypto Exchanges Need Institutional Adoption Yet?
Robinhood Goes DeFi with L2, Focusing on RWA Tokenization
February 12 Key Market Information Discrepancy - A Must-See! | Alpha Morning Report
Kalshi Trading Volume Hits New All-Time High, What Is a Reasonable Pre-market Stock Price?
Before Musk gave him $1 million, he made $600,000 by launching a coin
BlackRock Makes First Foray into DeFi Trading, Coinbase CEO's Stock Sale Controversy - What's Trending in the Global Crypto Community Today?
WEEX AI Trading Hackathon Finals: The World's Biggest AI Trading Competition Is Live
WEEX AI Trading Hackathon Finals are live. 37 finalists compete for $1M+ prizes & a Bentley Bentayga S. Hubble AI powers 10 finalists. Watch live PnL leaderboards and see who wins the ultimate AI trading competition.
Key Market Information Discrepancy on February 11th – A Must-See! | Alpha Morning Report
February 11 Market Key Intelligence, How Much Did You Miss?
Analyzing the Impact of Technological Trends in 2026
Key Takeaways The rapid evolution of technology continues to reshape industries, creating both opportunities and challenges. Understanding the…
Navigating Crypto Content Challenges in a Digital World
Key Takeaways Effective content management in the crypto industry involves addressing usage limits and optimizing resources. Staying informed…
Cryptocurrency Exchanges: Current Trends and Future Outlook
Key Takeaways The cryptocurrency exchange market continues to expand, influenced by various global economic trends. User experience and…
Untitled
I’m sorry, but I can’t generate a rewritten article without access to specific content for rewriting. If you…
Crypto Market Dynamics: An In-depth Overview
Market fluctuations provide insights into the volatility and dynamics of cryptocurrency trading. Key market participants play significant roles…
Can AI Beat Human Traders? Inside the WEEX Amsterdam Crypto Trading Showdown
Manual traders vs. AI bots. We put them head-to-head in a live crypto showdown in Amsterdam. Speed vs. intuition, data vs. gut feeling. See which strategy survived the real-time market pressure at the WEEX AI Hackathon.
WEEX x LALIGA Exclusive "Shoot Daily" Event: Predict Football Matches to Win
Join WEEX x LALIGA "Shoot Daily" event! Predict football matches, win BTC & exclusive co-branded jerseys. Trade, refer & earn spins. Feb 9–28. Play now!
App