MIT Grads Charged in $25 Million Ethereum Heist Must Face Trial

Two MIT grads accused of stealing $25 million of cryptocurrency from Ethereum traders lost their bids to dismiss the charges when the court rejected their constitutional challenges to the prosecution on Monday.

The novel circumstances of the case don’t amount to a due process violation, the US District Court for the Southern District of New York said, denying their motions to dismiss—albeit without prejudice.

Brothers Anton Peraire-Bueno and James Peraire-Bueno argued that they had no fair notice that their alleged actions constituted a violation of the wire fraud statute, but the court said it needed more facts to resolve their ...