MIT Graduates Arrested for $25 Million Crypto Theft in 12 Seconds
In a notable development within the world of cryptocurrency, brothers Anton and James Peraire-Bueno have been charged in connection with a groundbreaking heist involving $25 million in Ethereum. Both alumni of the prestigious Massachusetts Institute of Technology (MIT), the brothers are accused of utilizing their expertise in mathematics and computer science to execute a complex transaction scheme. This innovative case, unfolding in April 2023, has captured the attention of the U.S. Department of Justice and the Internal Revenue Service (IRS), who have been instrumental in investigating this sophisticated use of blockchain technology. The case marks a significant moment in the evolving landscape of digital finance, showcasing both the advanced capabilities of those within the field and the ongoing need for robust security measures.