Crypto, Code, and Criminal Law: The Peraire-Bueno Brothers and the First MEV Fraud Prosecution
Recent federal litigation highlights how existing criminal statutes intersect with rapidly evolving blockchain technologies. In US v. Peraire-Bueno (S.D.N.Y.), two young brothers stand accused of a $25 million complex crypto-currency exploit on the blockchain, Ethereum. Federal prosecutors have charged them with conspiracy to commit wire fraud, substantive wire fraud, and conspiracy to commit money laundering. Under these


