Brothers Accused in $25M Crypto Heist to Blame the ‘Victims’ at Trial
Federal prosecutors allege two MIT-educated brothers pulled off a cryptocurrency heist in a matter of seconds, stealing $25 million in a “first-of-its-kind” fraud scheme.
The brothers’ defense? There was no fraud at all. All they did was outsmart some “predatory” automated trading bots. In the dog-eat-dog Wild West of crypto trading, it was fair game, not fraud.
That’s what defense attorneys for Anton Peraire-Bueno, 25, and James Peraire-Bueno, 29, are set to argue when the brothers’ criminal case heads to trial in Manhattan federal court on Tuesday.
If convicted of the conspiracy, wire fraud, and money laundering charges against them, the brothers — both highly educated in math and computer sciences —…
