Brothers Indicted for Stealing $25 Million of Ethereum in 12 Seconds
ID: e8108ee9-8cde-5b5c-94e3-3d4b3c803d3f
STIX ID: report--e8108ee9-8cde-5b5c-94e3-3d4b3c803d3f
Feed Name: Security Boulevard
Threat Score
Two brothers allegedly used a novel exploit against Ethereum’s MEV-Boost/mempool processes to fraudulently access and alter pending transactions, stealing roughly $25 million in cryptocurrency; they then attempted to conceal and launder the proceeds via shell companies, intermediary addresses, low-KYC exchanges, and privacy networks and have been indicted on wire fraud and money laundering charges.
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