| In Trial for
Taking $25M from Ethereum
Sandwich Bots Chen Is
Crossed About Coinbase
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Oct 21 – 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," Filing
on Patreon here
On October 17
Chen took the stand, saying
that in Medeira, Portugal he
was told not to discuss
Omakase with anyone outside
the group. Thread.
On October 20
Chen, while still on direct,
testified about Salmonella.
On October 21 on
cross Chen said the proceeds
were off-ramped via Coinbase,
including to pay taxes, and
about the sandwichers'
pursuit, thread
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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