Brothers arrested for $25 million theft in Ethereum blockchain attack

The U.S. Department of Justice has filed an indictment against two brothers for allegedly engaging in a “first-of-its-kind” plan that involved altering the Ethereum network to steal $25 million worth of cryptocurrency in about 12 seconds.

On Tuesday, accusations of wire fraud, conspiracy to commit wire fraud, and money laundering were brought against Anton Peraire-Bueno and James Pepaire-Bueno, who were taken into custody in Boston and New York. Each of them may spend up to 20 years in jail if found guilty on all counts.

The New York City Police Department, U.S. Customs and Border Protection, and IRS Criminal Investigation (IRS-CI) Cyber Investigations Unit all provided support to the investigation of their case.

The brothers are accused of using their elite training and expertise in computer science and arithmetic to corrupt and tamper read more Brothers arrested for $25 million theft in Ethereum blockchain attack.

Get up to date on the latest cybersecurity news and enhance your knowledge of cybersecurity with our thorough coverage of the dangers, breaches, and solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *