Two US brothers held for stealing $25m in crypto in 12 seconds

NEW YORK, May 16 (BBC): 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 kind. Prosecutors also say the pair carried it out in April 2023.

"The Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds," said Deputy Attorney General Lisa Monaco.