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MIT-educated crypto brothers face trial for $25M heist
MIT brothers go on trial for lightning-fast crypto theft.
Two MIT alumni, Anton Peraire-Bueno (25) and James Peraire-Bueno (29), stand trial in Manhattan over an alleged $25 million Ethereum theft executed in just 12 seconds. Prosecutors contend they engineered the hack, manipulated victim trading behavior, and laundered the proceeds using shell companies and exchanges. Defense argues no fraud occurred. Opening statements have begun, with both sides preparing technical blockchain evidence before a jury of finance and science professionals.