Prosecutors say it took a pair of brothers only 12 seconds to steal nearly $25 million in cryptocurrency, and now they face serious criminal charges. The Department of Justice announced it has charged Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, of numerous criminal counts, including conspiracy to commit wire fraud,
Business By Reuters Published May 17, 2024, 1:52 p.m. ET US authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said Friday. US officials arrested Yicheng Zhang in Los Angeles on Thursday, according to an indictment unsealed in US District Court in California’s
Bitcoin prices demonstrated resilience on Friday, returning from the previous day’s dip. This recovery, coupled with the positive inflows into spot bitcoin exchange-traded funds (ETFs) for the fourth consecutive day, signals a promising trend for investors. While Bitcoin was recovering, other crypto tokens, including Solana, Cardano, Polkadot, and Avalanche, also showed strength, posting gains of
Bitcoin payment processor IBEX Pay will suspend all its services in the United States, effective May 31. The company announced the move in a Wednesday (May 15) post on X (formerly Twitter). “Any outstanding balance will be transferred to our clients’ Swan accounts or Bitcoin addresses,” IBEX Pay said in the post. “We urge our clients to provide
Bitcoin prices have retained much of their recent gains today. (Photo illustration by Chesnot/Getty … [+] Images) Getty Images Bitcoin prices have maintained their strength over the last 24 hours, retaining the vast majority of the gains that materialized during the cryptocurrency’s latest rally. The world’s largest digital currency by total market capitalization was trading
Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results. Bakkt, which provides custody, trading and onramp capabilities for the crypto economy, said in a presentation released Wednesday that this increase in the mainstream adoption of crypto was sparked by the Securities and Exchange Commission’s (SEC) approval
Two brothers who studied at one of the most prestigious universities in the US have been charged with stealing $25m (£20m) in cryptocurrency in 12 seconds. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of wire fraud and money laundering. The US Department of Justice said the alleged heist is the first of its
Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on US charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain’s integrity and steal $25 million worth of cryptocurrency. Federal prosecutors in Manhattan called the scheme perpetrated by Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, “novel” and
By Nate Raymond BOSTON (Reuters) – Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on U.S. charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain’s integrity and steal $25 million worth of cryptocurrency. Federal prosecutors in Manhattan called the scheme perpetrated by Anton Peraire-Bueno, 24,
Cryptocurrencies are becoming a popular way to pay in various industries. They use blockchain technology, which makes transactions secure and helps prevent fraud. It is appealing because it allows quick and safe payments without the need for traditional banking methods. The market for cryptocurrency payments is growing quickly. Many businesses in fields like retail, real