I wish people would go straight to the source for these stories. No reason to link to something that only paraphrases a press release and adds some ads.
But Code is Law! It's decentralized and trustless, I'm really disappointed with the victims for going to big government, with cryptocurrency there's no need for government, lawyers, or banks. The blockchain clearly already decided that the ETH belongs to the two brothers.
The brothers created 16 Ethereum validators and targeted three specific traders who operated MEV bots, the indictment said.
To activate 1 validator you need 32 ETH.
So for the 16 validators they got, it would be 512 ETH. Prices in December 2022 for eth were around 1200$. So they "invested" in this fraud over 600,000$.
Today's eth price is around 3000$ so they'd be having over 1.5 mil, if they weren't that greedy
In doing so, they fraudulently gained access to pending private transactions and used that access to alter certain transactions and obtain their victims’ cryptocurrency,
I guess they never watched Office Space, or Superman III.
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