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Federal authorities have arrested two brothers on suspicion of carrying out an elaborate scheme to steal millions of dollars worth of cryptocurrency. Officials say this is the first incident of its kind.
of United States Department of Justice (DOJ) On Wednesday, James Peraire-Bueno, 28, of New York, and his brother Anton Peraire-Bueno, 24, of Boston, were indicted on charges of wire fraud, wire fraud, and money laundering conspiracy. Leverage the chain to steal $25 million from unsuspecting traders.
Two brothers from New York and Boston were arrested Wednesday on suspicion of stealing $25 million worth of virtual currency Ethereum. (image/image)
The unsealed indictment alleges the brothers studied mathematics and computer science at “one of the most prestigious universities in the country” and used the skills they developed in their education to fraudulently gain access to pending trades. There is. The two are then accused of falsifying these transactions, funneling the virtual currency to themselves, and using several methods to cover their tracks.
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Authorities say the Peper-Buenos had planned the plan for months and took only about 12 seconds to carry out the robbery. After the stolen virtual currency became their property, the brothers refused multiple requests for the assets to be returned, according to the indictment.
Federal authorities have indicted two brothers in New York and Boston for allegedly exploiting the Ethereum blockchain to steal from victim traders. (image/image)
Damien Williams, United States Attorney for the Southern District new york The newspaper said the suspects “are suspected of using their specialized skills and education to tamper with and manipulate the protocols used by millions of Ethereum users around the world.” “This alleged scheme is new and has never been prosecuted before.”
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Williams continued, “But as the indictment makes clear, no matter how sophisticated the fraud or how novel techniques were used to accomplish it, our office’s career prosecutors “Public officials will relentlessly pursue those who attack the integrity of any financial system,” he added.
The brothers were scheduled to appear separately in their respective cities Wednesday afternoon before U.S. Judge Paul G. Levenson of the District of Massachusetts and U.S. Judge Valerie Figueredo of the Southern District of New York.
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If convicted, they could serve up to 20 years in federal prison on each charge.
