[2025-10-20] The latest IT, economic, blockchain and coin news
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2025-10-20 | Curator: CryptoTerminal
Insider Testifies MIT Brothers Allegedly Planned $25M Crypto Heist for Months
Two MIT-educated brothers allegedly planned for months to exploit a software vulnerability and steal $25 million from crypto traders in just 12 seconds, a former employee testified Friday in Manhattan federal court. Travis Chen, a quantitative trader and former employee of Anton and James Peraire-Bueno’s firm 18decimal, testified that during a December 2022 meeting, the brothers allegedly outlined a plan to manipulate Ethereum’s MEV-Boost protocol in an operation they referred to as “Omakase.” "...