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Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are spending their second night behind bars. Siblings studying at a prestigious university Massachusetts Institute of Technology (MIT) were arrested yesterday in Boston and New York, respectively, for allegedly stealing millions of dollars of cryptocurrencies.

The United States Department of Justice offers some details on this issue. According to the statement, the defendants hatched a new scheme to breach the integrity of the Ethereum blockchain and thereby obtain digital assets equivalent to $25 million. They announced that the first crime would occur within 12 seconds.

When used to steal information

The investigation shows that the brothers planned the attack months in advance. They also took precautions from the first moment. hide their identities To avoid being tracked by authorities. To achieve this, they carefully examined how to change Ethereum’s verification protocols.

There aren’t many details about the scheme, but prosecutors say the attackers used trading bots to gain access to private transactions and then steal the cryptocurrency. All of these operate through shell companies and cryptocurrency exchanges that ensure high privacy for users.

Cryptocurrencies

The maneuvers were detected thanks to the work of the New York IRS-CI Cyber ​​Unit and other government actors. Now the brothers face each other various positionsspecifically, charges of conspiracy to commit wire fraud, conspiracy to commit wire fraud and money laundering.

Bloomberg notes that Anton graduated in February with a bachelor’s degree in computer science and mathematics. James, on the other hand, received a master’s degree in aviation and astronautics in 2021. If convicted, the brothers face a maximum of 20 years in prison for each crime.

Pictures | Art Rachel | Alec Favale | traxer

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Source: Xataka

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