$ETH [“Lightning-speed robbery”! 180 million yuan was stolen in 12 seconds, and the two brothers have been arrested! Both graduated from prestigious universities]

Another theft occurred in the field of cryptocurrency.

According to the Securities Times report on the 16th, the US prosecutors said on Wednesday that two brothers who graduated from the Massachusetts Institute of Technology were accused of using a vulnerability in the Ethereum blockchain to steal 25 million US dollars (equivalent to about 180 million yuan) in 12 seconds.

Federal prosecutors in Manhattan charged Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, with fraud and money laundering. The two were accused of conducting lightning-speed robberies on computers. Both attended MIT, Anton graduated in February this year with a bachelor's degree in computer science and mathematics, and James graduated in 2021 with a master's degree in aerospace. "The brothers, who studied computer science and mathematics at one of the world's most prestigious universities, are accused of using their expertise and education to tamper with and manipulate the protocol relied on by millions of Ethereum users around the world," said Damian Williams, the U.S. Attorney for the Southern District of New York, in a statement.

U.S. prosecutors said the brothers developed something called a validator, designed to help place orders on the Ethereum network and help robots make money by facilitating arbitrage and other profitable transactions. Prosecutors said the two of them installed their own validators at the same time to deceive traders operating robots. They gained access to pending transactions and altered the flow of electronic currency to steal cryptocurrency.

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