Anton and James Peraire-Bueno are being tried for stealing 25 million USD in Ethereum through a blockchain exploit. Defense lawyers maintain the actions were strategic in an unregulated market.
Prosecutors suggest meticulous planning for the heist, asserting the brothers researched how to launder cryptocurrency. They face serious charges, each potentially leading to 20 years in prison.
Legal experts emphasize the uncertain regulatory landscape of cryptocurrencies, questioning if coding alone constitutes fraud in cases involving decentralized platforms like Ethereum.
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