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US Prosecutor Challenges DeFi Group’s Brief in $25M Ethereum Exploit Retrial

US prosecutors seek to block the DeFi Education Fund’s input in the $25M Ethereum MEV case against Anton and James Peraire-Bueno, with a retrial expected in early 2026 after last year’s hung jury.

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Summary

US prosecutors asked a New York court to reject the DeFi Education Fund’s amicus brief in a case involving an alleged $25 million Ethereum MEV exploitation by Anton and James Peraire-Bueno. The defendants face a retrial in early 2026 after a hung jury in November 2024. If convicted, they could face up to 20 years in prison for each charge.

Terms & Concepts
  • DeFi: Short for decentralized finance, a blockchain-based financial system without traditional intermediaries like banks.
  • Amicus brief: A legal document filed by an entity not directly involved in a case, offering additional information or arguments for consideration.
  • Ethereum exploit: A malicious action taking advantage of vulnerabilities on the Ethereum blockchain to steal assets or disrupt operations.