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MIT-Educated Brothers Face Trial Over $25M Ethereum Heist

MIT-Educated Brothers Face Trial Over $25M Ethereum Heist

Published:
2025-10-15 14:33:57
20
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Why stocks like ITC Hotels, Hero MotoCorp, NTPC Green, JK Cement and more will stay in focus today

Crypto courtroom drama erupts as brilliant minds face justice.

The Alleged Digital Heist

Two MIT-educated brothers stand accused of orchestrating a sophisticated $25 million Ethereum theft—proving even elite education doesn't guarantee ethical coding practices.

Blockchain Betrayal

The prosecution claims they exploited smart contract vulnerabilities they should have been fortifying. Their defense argues it was legitimate blockchain research—a classic 'code is law' defense that judges tend to hate.

Industry Implications

This case tests whether crypto crimes still operate in legal gray zones or if traditional justice finally caught up with decentralized finance. Regulatory watchdogs sharpen their claws while crypto purists decry government overreach.

Another day, another crypto scandal—because nothing says 'financial innovation' like old-fashioned theft with extra steps.

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