BROADCASTS.com

In this episode, Evan Zinaman, founder and principal at Trailbreak, delves into the first-of-its-kind case of the Bueno brothers, who face Department of Justice charges for exploiting Maximal Extractable Value (MEV) in a cryptocurrency scheme. Accused of manipulating transaction ordering to create an arbitrage opportunity, the brothers are charged with conspiracy to commit wire fraud as well as wire fraud itself.\xa0\nZinaman explores the broader implications of MEV exploitation, addresses critics who say that the MEV exploiters just got a taste of their own medicine, and the need for block building participants to consider their legal and compliance responsibilities.\nShow highlights:\n\nWhat the charges against the Bueno brothers are about\n\nHow block building works on Ethereum and how the relay was manipulated by the Bueno brothers\n\nThe different types of MEV and which ones are acceptable\xa0\n\nWhy these charges could be seen as a "vanilla fraud," according to Evan\n\nWhether the benefits of MEV outweigh the cons of it\n\nThe lack of terms of service in the MEV space\n\nHow the regulators' attention to the space has changed over time\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nFirst Bits + Bips episode: Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle?\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nVaultCraft\n\nGuest\n\n\nEvan Zinaman, Founder & Principal at Trailbreak\n\n\nWhere the Rubber Meets the Road: A MEV-Aware, Functionalist Review of OFAC Risk "on the Base Layer"\n\nLinks\n\nPrevious coverage on Unchained of MEV:\n\nWhy MEV Will Always Be Controversial\n\nThe Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum\n\nThe Mango Markets Attacker on Whether His 'Trade' Was Ethical or Not\n\nThe Chopping Block: \u2018Code Is Law\u2019 Is \u2018Obviously Not How Anything Works Ever\u2019\n\nThe Case:\nUnchained: DOJ Alleges Two Brothers Stole $25 Million From MEV Bots Last Year\n\nResearch:\n\nBlockchain Transaction Ordering as Market Manipulation by Mikolaj et al\nLearn more:\xa0\n\nWhat Are Sandwich Attacks in Crypto? A Beginner's Guide\n\nWhat Is MEV in Crypto?\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices