According to Odaily Planet Daily, two brothers, Anton Peraire-Bueno and James Peraire-Bueno, both graduates of MIT, are accused of orchestrating a $25 million "scam" on Ethereum, profiting $25 million in 12 seconds using a MEV-Boost attack.

The four-week trial ended in a mistrial in Manhattan federal court due to a deadlock among the jury. The jury stated that they could not agree on how to apply existing laws in the case.

Peter Van Valkenburgh, executive director of the cryptocurrency advocacy group Coin Center, submitted an amicus brief in support of the defendants and called the prosecutor's indictment a "massive overreach" after the trial. Although the trial ended in a mistrial, the two brothers still face three charges: conspiracy to commit wire fraud, wire fraud, and conspiracy to launder money. The prosecutor has the option to dismiss the case or order a retrial. (The Block)