MIT Grad Brothers Fraud Jury Unable to Reach a Verdict (1)

A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology, who were accused of stealing roughly $25 million in cryptocurrency from traders on the Ethereum blockchain.

US District Judge Jessica Clarke declared a mistrial Friday in the case against James Peraire-Bueno, 29, and his brother Anton, 25, after a highly technical three-week trial. Jurors deliberated for three days, but they told the judge they would be unable to reach a unanimous decision.

The mistrial is a setback for prosecutors who have sought to define rules of ...