May 15 (UPI) — The Justice Department on Wednesday revealed it indicted two brothers in their twenties for a series of alleged crimes for manipulating the cryptocurrency market to steal $25 million in crypto in a 12-second period, according to reports.

Anton Peraire-Bueno, 24, of Boston, Mass., and his brother James Peraire-Bueno, 28, of New York were arrested Monday in their respective cities and are being charged for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering,

“This alleged scheme was novel and has never before been charged,” Damian Williams, U.S. Attorney for New York’s Southern District, said in a news release.

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Source: https://www.upi.com/Top_News/US/2024/05/15/Anton-James-Peraire-Bueno-justice-department-cryptocurrency-ethereum/7141715794451/

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