The US Department of Justice has charged two brothers accused of orchestrating attacks on Ethereum trading bots with wire fraud and money laundering conspiracy. The brothers found a way to target bots that pre-order transactions through a process called MEV (maximum extractable value). This can be a highly profitable game that is often dominated by automated bots, which is to the detriment of blockchain users. However, this is not a Robinhood situation where brothers Anton and James Peraire-Bueno steal from the rich and give to the poor. 🚀💰

The brothers raised nearly $25 million in at least eight separate transactions, according to the DOJ filing. According to the DOJ, this was a highly planned and premeditated conspiracy. To avoid detection, the brothers explored ways to launder money safely and formed shell companies.

What do you think about the details of this incident? We are waiting your comments! 👇👇