Prosecutors seek new trial for MIT brothers after $25 million Ethereum fraud case ends in mistrial
Prosecutors requested a new trial for two MIT brothers after their $25 million Ethereum fraud case resulted in a mistrial.Summary
New York prosecutors are seeking a new trial for Anton and James Peraire-Bueno, two MIT-educated brothers accused of orchestrating a $25 million fraud using MEV (maximal extractable value) software on the Ethereum blockchain. The initial four-week trial ended in a mistrial, reportedly leaving some jurors in tears, leading Judge Jessica Clarke to conclude further deliberation was unlikely to yield a verdict. U.S. Attorney Jay Clayton has requested the earliest possible date for a retrial, possibly late February or early March next year, despite the defense not currently believing a new trial date is necessary. The brothers allegedly used a "sandwich attack" after poisoning a transaction block to gain insight into other traders' activity, netting $25 million in 12 seconds. Their defense argued their actions were standard practice in the competitive MEV space.
(Source：The Block)