Saturday, March 7, 2026

For Brothers Taking $25 Million from Ethereum Sandwich Bots US Asks Non US Deposition



For Brothers Taking $25 Million from Ethereum Sandwich Bots US Asks Non US Deposition

by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, March 5  รข€“ 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.

On the evening of November 3 the defense put in a filing, on Patreon here

On November 7 it went to 7 pm when the jury sent out a note they were suffering and making no progress. Judge Clarke declared a mistrial. In the hall Inner City Press spoke with the brothers' mother, others including from the jury - and it put out a book, Crypto Bros Mistrial: Code Is Law Live On? here

On November 10 the US Attorney's Office wrote in asking for a retrial as early as February 2026 - the defense said picking a trial date now is not necessary, but if it is it should be late April 2026, letter on Patreon here

On November 21, as 65 groups in a letter opposed a retrial, the US Attorney's Office wrote in to exclude Speedy Trial Act time to February 26, on consent.

On December 30 the US Attorney's Office wrote in opposing the consideration of the DeFi Education Fund's proposed amicus brief, opposition on Patreon here

On March 5, 2026 the brothers' lawyers opposed the US Attorney's Office request for an out of country deposition of Justin Drake, saying it shouldn't even be considered until after decision on their Rule 29 motion. 8 page filing on Patreon here

Analysis and more on X for Subscribers here and Substack here

The case is USA v. Peraire-Bueno, et al., 1:24-cr-293 (Clarke)

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