Brothers Anton and James Peraire-Bueno that exploited the ethereum blockchain have been charged with conspiracy to commit money laundering.

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Brothers Anton and James Peraire-Bueno that exploited the ethereum blockchain have been charged with conspiracy to commit money laundering.

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An indictment was unsealed today charging Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges in the indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds.

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Details of the charges filed by the U.S. Department of Justice on brothers Anton and James Peraire-Bueno