How did two brothers manage to steal $25 million worth of crypto in just 12 seconds?
- August 1, 2024
- 0
You don’t want to wake up one morning and find all your savings gone in seconds, do you? At work Such a nightmare, It became a reality in
You don’t want to wake up one morning and find all your savings gone in seconds, do you? At work Such a nightmare, It became a reality in the cryptocurrency world.
Brothers Anton and James Peraire-Bueno, $25 Million Ethereum They made history by stealing.
So how did they manage to do this?
According to research, it is the Peraire-Bueno brothers After months of planning He learned the trading habits of his victims and developed strategies accordingly. By manipulating the protocols that verify transactions, they disrupted the transaction verification process and redirected it to their own accounts.
This complex fraud scheme by the brothers was recorded as a first in the technology world. Special reliability of blockchain technology This incident, which cast a shadow, shocked many users.
Anton and James had studied computer science and mathematics.
Thanks to the special skills they acquired during their education and their expertise in cryptocurrency trading They manipulated the Ethereum blockchain. They gained access to private pending transactions by modifying the protocols that validate transactions and modifying those transactions to steal victims’ cryptocurrencies.
They also took many steps to hide their identities while carrying out their fraud schemes. By setting up fake companies They covered their tracks by using several private cryptocurrency addresses and foreign cryptocurrency exchanges.
They also constantly research online to figure out how to hide themselves and commit their crimes. how to trace they learned.
Anton and James Peraire-Bueno were arrested in Boston and New York.
According to the indictment, the brothers are with a prison sentence of 20 years face to face. This incident has once again shown how important security measures are in the cryptocurrency world.
Attack on Ethereum Blockchain Reliability Disrupts Cryptocurrency Markets how vulnerable it can be showed. Such a major event in the crypto world is an important warning for both users and investors.
Sources: US Department of Justice, BBC
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Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
