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.