DOJ charges brothers with $25 million Ethereum heist that took 12 seconds

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Securities Fraud,Collusion,Bueno

DOJ arrested the two brothers on Tuesday for wire fraud and money laundering charges.

The Department of Justice indicted two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds.

DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million.

 

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