MIT-trained brothers accused of stealing $25 million in crypto in just 12 seconds: ‘There is no government regulation’

A 12-second cryptocurrency transaction is at the center of a major federal lawsuit. As reported Former Massachusetts Institute of Technology students James and Anton Peraire-Bueno are accused of using their advanced coding and math skills to steal $25 million in Ethereum “ether” currency through what prosecutors call a “one-of-a-kind” fraud scheme, according to Business Insider….

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Fincen Flags Crypto ATM in money laundering systems

Home page > News > Business > Fincen Flags Crypto ATM in money laundering systems The United States Department of the Financial Crimes Treasury Infalling Network (Fincen) has issued a warning Monday, urging financial institutions to “be vigilant in the identification and reporting of suspicious activities” involving automatic distributors of cryptocurrency tickets. The agency has…

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