Ethereum blockchain
MIT Brothers' $25 Million Crypto Case Ends in Mistrial: Ethereum Sandwich Attack Controversy Explained
Nov 08, 2025 10:33 am CST
A federal judge declared a mistrial in the high-profile cryptocurrency fraud case against MIT graduates James and Anton Peraire-Bueno, who were accused of stealing $25 million through Ethereum blockchain exploits. The case centered on controversial "sandwich attacks" in crypto trading, highlighting the challenges of applying traditional legal frameworks to emerging digital asset technologies. Jurors were unable to reach a unanimous verdict after an emotionally taxing three-week trial that divided the cryptocurrency community.
MIT Brothers on Trial: $25 Million Ethereum Heist Raises Questions About Crypto Trading Ethics and Legality
Oct 15, 2025 02:08 pm CST
Two MIT-educated brothers face serious legal charges in Manhattan federal court for allegedly exploiting Ethereum blockchain vulnerabilities to secure $25 million. Their defense claims they merely outsmarted predatory trading bots in an unregulated market, while prosecutors allege sophisticated fraud. The case highlights the complex intersection of advanced technical expertise, cryptocurrency regulation, and emerging definitions of fraud in digital asset markets.