| On Taking $25M from
Ethereum Sandwich Bots
Peraire Bueno Duo Bid to
Exclude Chen Change
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Oct 15 – 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 15,
Inner City Press live tweeted
the opening arguments - and
then Miller as first witness,
quickly into the weeds of
headers and validators. Thread.
Will it work for this jury?
Just before 8 pm,
the defense filed seeking to
"preclude testimony by the
government’s cooperating
witness, Travis Chen who
repeatedly told the government
that he did not think that the
alleged Exploit was illegal or
even wrongful at the time it
occurred. The government
indicates that Mr. Chen now
expresses the view that his
assumptions “in hindsight are
wrong,” and that he would now
“acknowledge that [the]
unblinding aspect of Omakase
was misleading and taking
advantage of Sandwichers.”
Filing on Patreon here
Analysis and more
on X for Subscribers here
and Substack 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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