| In Trial for
Taking $25M from Eth
Sandwich Bots Amicus Coin
Center Trashes US Theory
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Oct 31 – James Peraire-Bueno
was indicted for "conspiracy
to commit wire fraud, wire
fraud, and conspiracy to
commit money laundering.
The charges in the Indictment
arise from an alleged novel
scheme by the defendants to
exploit the very integrity of
the Ethereum blockchain to
fraudulently obtain
approximately $25 million
worth of cryptocurrency within
approximately 12
seconds."
More on X for
Subscribers here
and Substack here.
On October 14,
Inner City Press live tweeted
jury selection, here.
Late on October
14, the defendants opposed
Miller: Filing on Patreon
here
On October 31 the
defense case proceeded, with a
summary witness from W&C
and a fight - won by the
defense - to get the arrest
video of Anton Peraire-Bueno
into evidence.
After the court
day on October 31, Coin Center
filed a 16 page (proposed)
amicus brief arguing " The
claims of the prosecution in
this case—in particular
regarding “honest validation”—
are wildly divergent from
longstanding practice in the
communities that design and
maintain open blockchain
systems like Ethereum. Based
on Coin Center’s expertise in
the technology and the facts
of this case as it understands
them, Coin Center’s position
is: (1) that “honest
validation” in cryptocurrency
communities is a mathematical
check rather than a legal or
normative judgment, and
Defendants appear to have
contravened none of the clear
rules or controls found within
the Ethereum protocol in a
manner deserving outside
interference or enforcement" -
full proposed amicus brief on
Patreon here
Analysis, timing
and more on X for Subscribers
here
and Substack
here
While Amazon took
down Inner City Press' books
on SBF, Do Kwon, Roman Storm
and more from October 24 to
October 30, this interim book
was put on Google Play here
Inner City Press
is covering this trial.
The case is USA
v. Peraire-Bueno, et al.,
1:24-cr-293 (Clarke)
***
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and some are available in the ProQuest
service, and now on Lexis-Nexis.
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permission, e-contact Editorial [at]
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