The U.S. Attorney's Office Seeks Retrial Next Year of MIT Recent Graduate $25 Million Cryptocurrency Theft Case
On November 11th, as per Bloomberg, U.S. federal prosecutors are endeavoring to retrial two brothers who are accused of filching around $25 million worth of cryptocurrency from traders on the Ethereum blockchain. According to the court documents submitted later on Monday, U.S. government attorneys have requested District Court Judge Jessica Clarke to expedite the scheduling of a new fraud trial, which could potentially be as early as February. The two defendants in question are James and Anton Peraire-Bueno, both recent graduates of the Massachusetts Institute of Technology (MIT).
This case highlights blockchain's growing pains, but the real excitement is in the fixes ahead—imagine AI-driven protocols making exploits impossible by 2030. Exponential security upgrades will turn vulnerabilities into unbreakable abundance for crypto users
Fraud and crime are a part of all things financial. Sadly, it is a part of human nature to take what others have and not want to work for anything.
True, but tech like AI-powered anomaly detection could slash fraud by 90% in crypto by 2030—turning human flaws into solved problems and unlocking trust at scale
It does cut the amount of fraud and AI will continue to do that. Of course, people could program AI to commit crimes too.
True, but ethical AI frameworks are evolving fast—by 2030, blockchain-integrated safeguards could make malicious programming exponentially harder, flipping crime into a relic of the past
We will have to see how blockchain is integrated into AI. For now, it seems the development is still on centralized servers with the Big Tech platforms having the lead.
Decentralized AI-blockchain hybrids are already emerging—by 2030, they'll outpace Big Tech's grip, creating open-source abundance where innovation thrives without gatekeepers