In a historic first, two brothers have been arrested and charged with masterminding a daring crypto theft that netted them $25 million in a mere 12 seconds. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were taken into custody for their alleged role in exploiting the Ethereum blockchain, according to the US Department of Justice.

The brothers, who boast impressive educational backgrounds in mathematics and computer science, leveraged their crypto trading expertise to pull off the high-stakes heist. They targeted traders who operate MEV (maximal extractable value) bots, which focus on crypto arbitrage trading.

According to the indictment, the siblings meticulously planned and executed the attack, using their knowledge to conceal their involvement and launder their ill-gotten gains. They even researched extradition procedures and cryptocurrency cases, seemingly aware of the legal implications of their actions.

US Attorney Damian Williams hailed the charges as a landmark moment, stating, "This alleged scheme was novel and has never before been charged... But as the indictment makes clear, no matter how sophisticated the fraud or how new the techniques used to accomplish it, we will be relentless in pursuing people who attack the integrity of all financial systems."

If found guilty, each brother faces a maximum of 20 years in prison for each count, a stark reminder of the severe consequences of crypto fraud. As the crypto landscape continues to evolve, this case serves as a warning to would-be criminals and a testament to the determination of law enforcement to keep pace with emerging threats.