Ethereum

<ul><li>Anton and James Peraire-Bueno were arrested for exploiting the Ethereum blockchain in a 12-second attack and stealing $25 million.</li><li>The case marks the first criminal action related to MEV, highlighting vulnerabilities in Ethereum&#39;s system.</li><li>The brothers face charges of conspiracy, wire fraud, and money laundering, with a possibility of a 20-year sentence for each count.</li></ul>Two brothers have been charged with wire fraud and money laundering for allegedly exploiting a vulnerability in the Ethereum blockchain, stealing $25 million in cryptocurrency in just 12 seconds. This is the first time in history that two brothers, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, have been charged with a criminal action related to maximal extractable value (MEV).<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2b4114a1abba42a2bf6c5e6fc22114c8.png" />The U.S. Department of Justice <a href="https://www.justice.gov/opa/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25m-cryptocurrency" rel="noopener noreferrer nofollow">revealed</a> the charges in an indictment unsealed on Wednesday. The indictment accuses the brothers of manipulating transactions using MEV-boost, an MEV software employed by <a href="https://cryptotale.org/ethereum-hits-1-million-validators-vitalik-proposes-participation-changes/" rel="noopener noreferrer nofollow">Ethereum validators</a>. MEV-boost allows block builders to assemble transactions into blocks for validation. By exploiting a bug in the MEV-boost code, the brothers allegedly gained access to the contents of blocks before they were finalized.<a href="https://cryptotale.org/u-s-doj-arrests-two-brothers-in-a-25m-ethereum-exploit/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

U.S. DOJ Arrests Two Brothers in A $25M Ethereum Exploit

CryptoTale

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