A New York jury failed to reach a verdict in the trial of Anton and James Peraire-Bueno, accused of fraud and money laundering related to a $25 million Ethereum exploit. US District Judge Jessica Clarke declared a mistrial after jurors were deadlocked on the brothers' guilt. The trial, which lasted three weeks, centered on allegations that the brothers used maximal extractable value (MEV) bots to manipulate blockchain transactions for profit.
Prosecutors argued that the brothers engaged in a "bait and switch" scheme, defrauding users by posing as legitimate MEV-Boost validators. The defense countered, likening the actions to "stealing a base in baseball," asserting no fraud or conspiracy occurred. The case has sparked debate within the crypto community about the legal treatment of MEV activities, with some questioning the criminal implications of such blockchain exploits.
Mistrial Declared in MEV Bot Fraud Case Against MIT-Educated Brothers
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