The U.S. Department of Justice arrested two brothers on suspicion of stealing $25 million worth of cryptocurrency.
The Department of Justice (DOJ) reported that Anton and James Pepaire-Bueno have been arrested for allegedly stealing millions in cryptocurrency via the Ethereum In just 12 seconds, you can create a blockchain.
They are accused of conspiring to commit money laundering and wire fraud, and stealing funds by using the maximum extractable value exploit (MEV).
“The brothers, who studied computer science and mathematics at one of the most prestigious universities in the world, allegedly used their specialized skills and education to tamper with and manipulate the protocols relied upon by millions of Ethereum users across the globe,” In a press release, Damian Williams said that he was the U.S. attorney for the Southern District of New York.
Thomas Fattorusso Special Agent in Charge of IRS-CI noted that the brothers allegedly perpetrated a unique manipulation by deception on the Ethereum blockchain. They gained access to the pending transactions and altered electronic currency movements, ultimately stealing money.
“Regardless of the complexity of the case, we continue to lead the effort in financial criminal investigations,” Thomas Fattorusso was the IRS-CI Special agent in charge.
The DOJ released a statement earlier this month. selected Forensic Risk Alliance is a consulting company that provides forensic risk assessment. Binance‘s watchdog to monitor the company’s performance for three years.
The FRA has the responsibility of enforcing all requirements in the contract. It has access to all internal records and premises as well as employees, in order to inform the Ministry of Justice about the status of the exchange.
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Source: crypto.news