U.S. police have arrested two brothers, both graduates of the Massachusetts Institute of Technology (MIT), for allegedly stealing $25 million worth of cryptocurrency in a matter of seconds. The UK news agency Reuters reported this sensational incident.

The suspects, 24-year-old Anton Pereira-Bueno and his 28-year-old brother James Pereira-Bueno, have been charged with wire fraud and money laundering conspiracy. Anton was arrested in Boston, while James was detained in New York.

The theft reportedly took place in April 2023, during which the brothers managed to siphon the money from cryptocurrency traders in just 12 seconds by manipulating the movement of the cryptocurrency.

The rapid and sophisticated nature of the heist has drawn significant attention, highlighting the vulnerabilities in the digital currency trading systems and the lengths to which individuals will go to exploit them.

Authorities are currently conducting a thorough investigation into the incident to recover the stolen funds and further understand the methods used in this unprecedented theft.