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Gone in 12 seconds—Two US brothers charged with stealing $25M in crypto heist using skills they acquired at MIT

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The term “heist” brings to mind masked intruders, ticking clocks and a getaway driver that’s never there when you need them, leading to a whole lot of kerfuffle and a tense car chase. Turns out the modern version might be a whole lot faster than Hollywood movies have had us believe, as two US brothers have been charged of stealing $25M worth of ethereum in just 12 seconds.

Anton Peraire-Bueno and his brother, James Peraire-Bueno, have been charged with wire fraud and money laundering in relation to an incident in April 2023 in which $25 million in ethereum cryptocurrency was stolen by a method prosecutors refer to as “the Exploit” (via BBC News). 

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