US Department of Justice: Two brothers arrested for hacking Ethereum blockchain to steal $25 million in cryptocurrency

Odaily News The U.S. Attorney's Office for the Southern District of the United States Department of Justice announced that the brothers Anton Peraire-Bueno and James Peraire-Bueno were arrested for allegedly exploiting a vulnerability in the Ethereum blockchain to steal approximately $25 million worth of cryptocurrency in approximately 12 seconds. According to the indictment, the two suspects studied mathematics and computer science at a prestigious American university and used their expertise to manipulate and tamper with the transaction verification and addition protocols of the Ethereum blockchain to fraudulently obtain victims' cryptocurrencies. This is the first such attack in history. The two were charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to launder money, each of which carries a maximum sentence of 20 years in prison. Deputy Attorney General Monaco said that although the defendants planned for months and carried out this complex and unprecedented fraud in seconds, they still could not escape justice. (Justice)