TLDR Crypto · MARKETS & BUSINESS

FEDS ARREST CRYPTO BROS FOR 'ATTACKING ETHEREUM' WITH MEV EXPLOIT

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Summary from the TLDR Crypto newsletter

The U.S. Department of Justice has arrested Anton and James Pepaire-Bueno, charging them with using a maximal extractable value (MEV) exploit to illicitly obtain $25 million from Ethereum blockchain transactions in just 12 seconds. This unprecedented scheme involved manipulating pending transactions to redirect funds, a significant manipulation of blockchain technology.