Coin Center Challenges Prosecutors’ ‘Honest Validation’ Theory in Ethereum MEV Trial

The cryptocurrency advocacy group Coin Center has entered the ongoing criminal trial of Anton and James Peraire-Bueno, two brothers accused of exploiting the Ethereum blockchain via MEV bots. In an amicus curiae brief filed on Monday, Coin Center argued against prosecutors’ reliance on a concept called ‘honest validation’. 🤔 The group contends this theory is flawed and lacks legal basis, asserting that MEV manipulation within the Ethereum protocol doesn’t violate established rules or controls.