Brothers Anton and James Peraire-Bueno are charged with a $25 million Ethereum fraud

Two brothers were arrested and charged with wire fraud after federal prosecutors in Manhattan accused them of stealing about $25 million worth of cryptocurrencies from traders in an elaborate online heist that prosecutors called a “first-of-its-kind scheme.” to have.

Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, allegedly executed “a technologically sophisticated, cutting-edge plan that they had planned for months and implemented in seconds,” said Assistant Attorney General Lisa Monaco in a statement on Wednesday.