Two brothers, Jason Peraire-Bueno and Anton Peraire-Bueno, charged with wire fraud and conspiracy to commit money laundering, were accused of meticulously planning and executing a scheme to exploit the Ethereum blockchain, resulting in the theft of $25 million worth of cryptocurrency. Utilizing their advanced computer science skills, the brothers hacked the blockchain's transaction validation process to alter deals and steal from unsuspecting traders. Facing potential 20-year sentences, the defendants' actions have raised concerns about the integrity of blockchain technology
The elaborate plan was revealed through the efforts of the Department of Justice, IRS, and various law enforcement agencies, highlighting the persistent work to combat financial crimes within digital systems. https://cybersecuritynews.com/two-brothers-arrested/