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The U.S. prosecution seeks to retry the $25 million cryptocurrency theft case involving a recent MIT graduate next year

Nov 11, 2025 23:47:27

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According to Bloomberg, U.S. federal prosecutors are seeking to retry two brothers who are accused of stealing approximately $25 million in cryptocurrency from traders on the Ethereum blockchain.

In court documents submitted later on Monday, U.S. government lawyers requested that District Court Judge Jessica Clarke schedule a new fraud trial as soon as possible, potentially as early as February. The two defendants involved in the case, James and Anton Peraire-Bueno, are both recent graduates of the Massachusetts Institute of Technology (MIT).

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