MIT Brothers Who Exploited MEV Bots for $25M Must Face Trial,
0Crypto hack
Ethereum
MIT brothers who exploited MEV bots for $25M in 12 seconds must face trial as judge rejects dismissal of fraud charges.
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Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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July 24, 2025
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Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges.
Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, allegedly stole $25 million in cryptocurrency within 12 seconds by manipulating Ethereum’s MEV-Boost protocol in April 2023.
Technical Error or Deliberate Exploit?.
The brothers meticulously planned their operation over several months, studying trading patterns of Ethereum bots and establishing shell companies.
They created 16 Ethereum validators using approximately $880,000 in cryptocurrency, then executed what prosecutors called a “bait, block, search, and propagation” scheme targeting three victim traders operating MEV bots.
Their exploit involved proposing “lure transactions” to induce victim traders’ bots to purchase illiquid cryptocurrencies worth $25 million.
The brothers then...
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