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Two brothers arrested for allegedly stealing $25M of crypto in 12 seconds

Two brothers have been arrested and charged with wire fraud after federal prosecutors in Manhattan accused them of stealing around $25 million worth of cryptocurrency from traders in an elaborate online heist that prosecutors described as a "first-of-its kind" scheme.

Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, allegedly carried out "a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds," Deputy Attorney General Lisa Monaco said in a statement Wednesday.

Prosecutors accused the men of fraudulently gaining access to pending cryptocurrency transactions on the ethereum blockchain and then redirecting the proceeds in April 2023.


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