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Brothers charged with stealing $25 million in Ethereum in 12 seconds — Cryptocurrency heist exploited transaction validation process

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Brothers charged with stealing  million in Ethereum in 12 seconds — Cryptocurrency heist exploited transaction validation process

In what U.S. prosecutors are calling the first case of its kind, a pair of brothers have been charged with stealing $25 million worth of cryptocurrency in just 12 seconds. They’re now charged with wire fraud and money laundering for the April 2023 heist.

Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, were reportedly educated at the Massachusetts Institute of Technology (MIT) in mathematics and computer science. Using the skills they learned at MIT, prosecutors say the duo found a way to exploit the Ethereum transaction validation process.

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Kevin O’Leary Explains Which Cryptocurrency Is a Smarter Bet: Bitcoin or Ethereum

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Kevin O’Leary Explains Which Cryptocurrency Is a Smarter Bet: Bitcoin or Ethereum

The cryptocurrency market offers hundreds of different investment options, but two of them control most of the action: bitcoin and ethereum. As recently as last year, the combined market cap of both platforms made up more than 70% of the global crypto market, according to U.S. News & World Report.

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Read Next: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

Check Out: 5 Types of Cars Retirees Should Stay Away From Buying

So which is a better bet for investors? During a recent interview with CoinDesk, businessman and “Shark Tank” star Kevin O’Leary suggested his preference.

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Also see five reasons you need at least one bitcoin.

O’Leary shared during the interview that his preference is bitcoin. “If you want exposure to crypto volatility, it’s bitcoin,” O’Leary said. “There’s a lot of people that say, ‘I don’t need anything else … I’ll just buy bitcoin.’ And they haven’t been wrong … I think it’ll be very hard to dethrone it.”

As for ethereum, O’Leary spent much of his time bemoaning its lack of speed and efficiency.

“Goodness, ETH is slow,” he said. “I’m sorry, but it’s slow, and I think a lot of people know that. And the more transactions get piled on it, it doesn’t get any better.”

Learn More: Coinbase Fees: Full Breakdown of How To Minimize Costs

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O’Leary has plenty of company in backing bitcoin over ethereum.

Part of bitcoin’s allure is that it has become a dominant crypto force in both size and name recognition. It has grown so big that it recently leapfrogged Google parent Alphabet to rank as world’s sixth-largest asset by market cap, The Market Periodical reported.

From a pure investment standpoint, bitcoin has definitely been the better bet recently. Its price is up about 12% in 2025 as of June 13 and has gained about 56% over the past year. In contrast, ethereum’s price is down about 23% in 2025 and has lost more than 27% over the past year.

If you’re new to crypto, it’s important to understand the differences between bitcoin and ethereum, because it’s not an apples-to-apples comparison.

As U.S. News reported, bitcoin’s network uses a proof-of-work verification system. Ethereum, on the other hand, uses a proof-of-stake system, which U.S. News called “less energy-intensive.” Additionally, the main purpose of bitcoin is to serve as a digital currency that’s an alternative to other currencies, while ethereum is a platform that runs smart contracts, U.S. News explained.

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According to VanEck, a New York-based investment management firm, both bitcoin and ethereum have seen their prices fluctuate significantly over the years. Despite that, VanEck noted that bitcoin has been the outperformer, remaining more stable than ethereum.

Bitcoin is also more well known, and that reputation has helped it gain more traction when investors want to hedge against inflation or instability, VanEck explained. Ethereum hasn’t seen the same traction, as its demand is linked to its utility.

A recent article from The Motley Fool also gave bitcoin the edge, mainly because it faces less competition in its space than ethereum does in its space.

“[Ethereum] faces a high risk of competitors attracting its human and financial resources with faster, cheaper, or more efficient services,” The Motley Fool noted. “This means Ethereum’s position is inherently more unstable than Bitcoin’s.”

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This article originally appeared on GOBankingRates.com: Kevin O’Leary Explains Which Cryptocurrency Is a Smarter Bet: Bitcoin or Ethereum

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Alchemy Pay Partners With Backed to Integrate xStocks on Its Platform, Pioneering the First Direct Fiat Access to Tokenized Stocks and ETFs – Branded Spotlight Bitcoin News

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Alchemy Pay Partners With Backed to Integrate xStocks on Its Platform, Pioneering the First Direct Fiat Access to Tokenized Stocks and ETFs – Branded Spotlight Bitcoin News

Alchemy Pay Partners With Backed to Integrate xStocks on Its Platform, Pioneering the First Direct Fiat Access to Tokenized Stocks and ETFs – Branded Spotlight Bitcoin News





















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DN Miner Introduces Free Cloud Mining Access to Promote Broader Cryptocurrency Participation

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DN Miner Introduces Free Cloud Mining Access to Promote Broader Cryptocurrency Participation

New UK-based program allows first-time users to begin regulated Bitcoin mining with no upfront costs or hardware requirements

LONDON, June 11, 2025 (GLOBE NEWSWIRE) — DN Miner, a FCA regulated crypto platform, has announced a new initiative that offers free cloud mining access to newly registered users. The program is designed to provide a hands-on introduction to Bitcoin mining without the technical barriers traditionally associated with the process.

By offering complimentary starting balances upon account creation, DN Miner allows individuals to engage in short-term cloud mining contracts using its hosted mining infrastructure. This setup enables users to observe and understand how cryptocurrency mining functions in practice—without investing in specialized equipment or software.

Available mining contracts vary in duration and estimated yield, giving users the ability to select options aligned with their comfort level and goals. Once minimum balance thresholds are reached, users can request withdrawals through multiple supported channels. In an effort to maintain simplicity.

Mining Contract Options:

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Contract Term Contract Price Daily Reward Total Reward(Principal Returned) Daily Return Rate
1 day $350 $10.5 $350+$10.5 3.0%
3 day $500 $16 $500 + $48 3.2%
4 days $1000 $35 $1000 + $140 3.5%
5 days $3000 $114 $3000 + $570 3.8%
2 days $12000 $576 $12000+$1152 4.8%

The company notes that while the platform is accessible to beginners, the underlying activity of mining remains subject to market-driven volatility. Factors such as network difficulty, asset valuation, and mining congestion can influence daily returns. DN Miner encourages users to consider these variables when evaluating their participation in digital asset operations.

DN Miner operates under regulatory supervision by the UK’s Financial Conduct Authority (FCA). This oversight ensures that the platform maintains a high standard of transparency, user data security, and legal compliance. All mining infrastructure is hosted in certified data centers that use industrial-grade ASIC equipment to support consistent uptime and competitive performance across supported cryptocurrencies.

About DN Miner

DN Miner is a UK-regulated digital asset platform providing cloud-based access to cryptocurrency mining. Through remote infrastructure hosted in secure data centers, DN Miner enables users to participate in digital asset production without the need for hardware ownership or software management. The platform prioritizes regulatory compliance, operational transparency, and user education in all of its offerings.

Media Contact:

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Darlene Evan

info@dnminer.com

+4407787938609

https://dnminer.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e42f006e-7ab6-4512-aae9-5efcf195d024

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Image by DN Miner

Image by DN Miner

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