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Creator Graduation Bonus: 50 GT
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Ethereum $25 million MEV scam declared invalid! The prosecution's overreach caused the jury to cry. Two brothers, graduates of MIT, were accused of exploiting a vulnerability in MEV-Boost to orchestrate a $25 million scam on Ethereum. The trial in the Manhattan federal court was declared a mistrial due to jury disagreement. Coin Center Executive Director Peter Van Valkenburgh called this case a "serious overreach" by the prosecutors and submitted a friend-of-the-court brief on behalf of the brothers. MIT brothers earned $25 million in 12 seconds. The two brothers, Anton (25) and James (29) Perel-Bueno, were charged by the Southern District of New York prosecutors with conspiracy to commit wire fraud, wire fraud, and conspiracy to money laundering. They allegedly exploited a vulnerability in MEV-Boost software, earning $25 million in just 12 seconds.