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Mistrial Declared in $25M Crypto Fraud Case

11/9/2025

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Summary

Story summary

A jury declared a mistrial in the fraud case against James Peraire-Bueno and Anton Peraire-Bueno, MIT graduates accused of stealing $25 million in cryptocurrency via sandwich attacks.
Prosecutors argued the brothers exploited vulnerabilities in Ethereum.
The defense argued their trading strategy was legitimate in a competitive market.
The mistrial leaves the brothers in limbo with retrial decisions pending, showing challenges in applying fraud laws to evolving cryptocurrency.

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Story summary

A jury declared a mistrial in the fraud case against James Peraire-Bueno and Anton Peraire-Bueno, MIT graduates accused of stealing $25 million in cryptocurrency via sandwich attacks.
Prosecutors argued the brothers exploited vulnerabilities in Ethereum.
The defense argued their trading strategy was legitimate in a competitive market.
The mistrial leaves the brothers in limbo with retrial decisions pending, showing challenges in applying fraud laws to evolving cryptocurrency.