Two brothers were arrested this week after prosecutors say they exploited the Ethereum blockchain to steal $25 million worth of crypto in about 12 seconds.

Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, were charged with conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering, according to a statement released by the U.S. Department of Justice. They will go in front of magistrate judges in Massachusetts and New York later today, prosecutors said. 

U.S. Attorney Damian Williams called the charges the first of its kind. 

"This alleged scheme was novel and has never before been charged. But as the indictment makes clear, no matter how sophisticated the fraud or how new the techniques used to accomplish it, the career …