by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Oct 17 – 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
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. He is expected on the stand, for cross, all day Monday.
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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