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Brothers Charged in $25M Crypto Heist Trial Begins

10/13/2025

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Summary

Story summary

Brothers Anton and James Peraire-Bueno face charges for a $25 million cryptocurrency heist executed in 12 seconds.
Prosecutors allege they exploited a vulnerability in the Ethereum blockchain, planning the theft over three months.
They reportedly used bait transactions to analyze victim traders' automated bots, facilitating the theft.
The defense claims there was no fraud, asserting that victims engaged in risky trades independently.
The trial is set to begin in Manhattan federal court, which may impact future U.S. cryptocurrency regulations.

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Story summary

Brothers Anton and James Peraire-Bueno face charges for a $25 million cryptocurrency heist executed in 12 seconds.
Prosecutors allege they exploited a vulnerability in the Ethereum blockchain, planning the theft over three months.
They reportedly used bait transactions to analyze victim traders' automated bots, facilitating the theft.
The defense claims there was no fraud, asserting that victims engaged in risky trades independently.
The trial is set to begin in Manhattan federal court, which may impact future U.S. cryptocurrency regulations.