In brief
- Travis Chen, a quantitative trader who worked for the brothers’ company, testified about a December 2022 meeting where they outlined the alleged scheme.
- Chen agreed to forfeit $2.4 million, his cut from the operation, under a nonprosecution agreement with the government.
- Notes from the planning meeting showed the brothers reportedly anticipated making $6 million or potentially “way higher” if they could “trap them all at once.”
Two MIT-educated brothers allegedly planned for months to exploit a software vulnerability and steal $25 million from crypto traders in just 12 seconds, a former employee testified Friday in Manhattan federal court.
Travis Chen, a quantitative trader and former employee of Anton and James…
Jan 13 2026
