India, Oct. 15 -- A federal jury is set to hear opening statements in the case of two MIT-educated brothers accused of swiping $25 million in a 12-second cryptocurrency heist.

Anton Peraire-Bueno, 25, and James Peraire-Bueno, 29, will face a jury composed of college-educated individuals in Manhattan on Tuesday, Business Insider reported.

The opening statements on Tuesday are expected to describe how the Peraire-Bueno brothers carried out a complicated, multi-step transaction on the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency from victim cryptocurrency traders.

The heist took months to plan and just 12 seconds to complete, the US Department of Justice said in a 2024 press release.

Prosec...