Benesch Partner William Walsh was quoted in a recent Business Insider article titled “Can the feds tame Ethereum's bot-eat-bot hellscape? Looming verdict for MIT's 'crypto brothers' could help decide.” The article covers the federal trial of two MIT-educated brothers accused of exploiting the Ethereum blockchain to steal $25 million in crypto. This case could shape how aggressively U.S. prosecutors police blockchain-based activity.
In the article, Bill highlighted that although bots were used in the alleged scheme, they are ultimately tools controlled by humans, which means that intent remains central to the case. He emphasized that prosecutors must prove the brothers themselves – not just their automated programs – knowingly engaged in a deceptive scheme.
More: Trial of MIT Crypto Brothers to Go to the Jury This Week - Business Insider