Ex-MIT Graduates Arrested For Laundering $25 Million Crypto

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Anton and James Peraire-Bueno, ex-MIT graduates, were accused of wire fraud and money laundering to the tune of $25 million of cryptocurrency in 12 seconds only. The sibs blindly took advantage of Ethereum’s payment process developed by them after several months. This high-profile robbery, the first case like it became known only when IRS officers started to investigate it. According to the allegations, officials claim the brothers got hold of and modified futuristic private transactions so that they could wrongfully take the cryptocurrency. They did not return money when challenged and strived to de-conflict their holdings. There could be more than 20 years as a potential prison sentence for each of them after the conviction.