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Expert Analysis

MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

By Michael Dearington and Apeksha Vora ( September 4, 2025, 3:49 PM EDT) -- On July 23, the U.S. District Court for the Southern District of New York allowed the U.S. Department of Justice to move forward on a novel theory alleging that two brothers, both Massachusetts Institute of Technology graduates, manipulated automated bots in the Ethereum network to obtain money or property in violation of the federal wire fraud statute....

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