If found guilty, the brother and sister from the Massachusetts Institute of Technology (MIT) could face more than 20 years in prison.
The two siblings, who once attended the Massachusetts Institute of Technology (MIT), now face charges for exploiting a vulnerability in the Ethereum blockchain. The Peraire-Bueno siblings allegedly swindled $25 million in 12 seconds in what prosecutors called an unprecedented scam.
Brother and sister face more than 20 years in prison
Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing federal fraud and money laundering charges in Manhattan.
Prosecutors said the charges were based on an elaborate cyber-theft campaign they planned and carried out over several months from their own computers.
They were arrested in Boston and New York on Tuesday. Commenting on the development, Deputy Attorney General Lisa Monaco said:
The Peraire-Bueno siblings stole $25 million in Ethereum cryptocurrency using a high-tech scheme that they carefully planned for months and executed in a short period of time.”
Both suspects attended the Massachusetts Institute of Technology (MIT), where Anton completed a Bachelor of Science in Computer Science and Mathematics in February and James received a Master of Science in Aeronautics and Astronautics in 2021.
According to prosecutors, the siblings manipulated Ethereum’s transaction verification process using advanced expertise gained at a world-renowned university.
They reportedly stole digital currency from Ethereum traders by fraudulently obtaining pending private transactions and then tampering with the details of those transactions.
When questioned by Ethereum representatives, the siblings allegedly laundered the funds instead of returning them and hid their ill-gotten gains.
Conclusion:
The $25 million cryptocurrency theft by a brother and sister from the Massachusetts Institute of Technology (MIT) highlights the importance of cryptocurrency security and the challenges of high-educated and high-tech crime. This incident highlights the urgent need for cryptocurrency security and the importance of education and technological innovation for the right reasons.
At the same time, it also reminds regulators to constantly update their strategies to deal with crimes that use advanced technology. Society needs to work together to ensure that technological advances are not used for illegal purposes, but serve the positive development of society. #技术犯罪 #加密货币诈骗
