Post #6084

Feds Arrest Crypto Bros for 'Attacking Ethereum' With MEV Exploit The United States Department of Justice has reportedly arrested two brothers - Anton and James Pepaire-Bueno, for attacking the Ethereum blockchain and stealing $25 million of cryptocurrency during a 12-second exploit. The brothers were charged with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering. The exploit was reportedly focused on manipulating the Maximum Extractable Value (MEV) in the Ethereum blockchain. In this case, the brothers allegedly deployed a series of test transactions that ultimately allowed them to have the blockchain “prematurely release the full content of a proposed block” and steal the crypto. The DOJ’s charges are significant because they represent a first-of-its-kind criminal action from the U.S. government related to the controversial practice of MEV. Concluded The government also suggested in the indictment that the very existence of MEV illustrates how Ethereum itself is a vulnerable system. Get ready for our next signal in ETHUSDT on sell side. If you want levels then contact us » @cctrade19