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Former Scottish parliament presiding officer Sir George Reid has died at the age of 86, his family have announced.

Sir George died in the early hours of Tuesday at Strathcarron Hospice near Denny, just a few miles from where he was born in Tullibody, Clackmannanshire.

First Minister John Swinney paid tribute, saying: “I am desperately saddened by the loss of the remarkable George Reid.

“His passion for Scotland, his principled internationalist world view, and his empathy for the plight of people everywhere made him a voice that could not be ignored across five decades.”

Sir George oversaw the completion of the new Scottish parliament building. Pic: Harry Benson/Scottish parliament
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Sir George oversaw the completion of the new Scottish parliament building. Pic: Harry Benson/Scottish parliament

Sir George began his career as a journalist and was first elected as an SNP MP for Clackmannan and Eastern Stirlingshire in 1974, serving in the House of Commons before narrowly losing at the 1979 election.

He then returned to journalism, becoming the producer who brought the world pictures of the Ethiopian famine in 1984 alongside presenter Michael Buerk, which sparked the Band Aid and Live Aid concerts.

Later, he later took on a role with the International Red Cross and Red Crescent.

It was not until the opening of the Scottish parliament in 1999 that he returned to the political frontline as an MSP for the Mid Scotland and Fife region, and he then won the Ochil seat in 2003.

He became the second presiding officer following the 2003 poll – after losing his bid to be the first in 1999 to Sir David Steel.

Sir George oversaw the final stages of the then controversial new Holyrood building at the foot of the Royal Mile and the move from the parliament’s initial home on the Mound.

Mr Swinney added: “As an MP, he was a trailblazing member of the SNP’s breakthrough victories of 1974. He became, for me, one of the compelling voices of the campaign for a Scottish parliament in 1979.

“His was one of the voices that brought me into politics and kindled my belief in independence that has driven my adult life. I feel so privileged to have been shaped by his influence and inspiration.”

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In late June, he was diagnosed with metastatic kidney cancer – having previously had successful surgery for bladder cancer more than a decade ago.

His family said he was working until his final few weeks at Stirling University, where he was a professional teaching fellow and was well enough to drive home through the Clackmannanshire area where he was born and represented in two different legislatures.

He is survived by Daphne, his wife of 57 years, daughter Morag and her husband, and five grandchildren.

Flags at the Scottish parliament have been lowered as a mark of respect, current Presiding Officer Alison Johnstone announced.

She said: “On behalf of all at the Scottish parliament, I express our deepest sadness at the death of our second presiding officer, the Rt Hon Sir George Reid.

“He’ll be remembered not only for bringing the Holyrood construction project to completion, but for building confidence and ambition in our young parliament.

“A proud son of Clackmannanshire and an internationalist by outlook, he was determined to put Holyrood on the map at home and abroad, and very much succeeded.

“By the time he left office, Holyrood was established at the centre of public life in Scotland and over a million people had visited to see for themselves the new parliament in action.

“The story of devolution and the early years of our parliament will remember George fondly and with gratitude.”

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MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

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MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict

A New York jury was unable to reach a verdict in the case of Anton and James Peraire-Bueno, the MIT-educated brothers accused of fraud and money laundering related to a 2023 exploit of the Ethereum blockchain that resulted in the removal of $25 million in digital assets.

In a Friday ruling, US District Judge Jessica Clarke declared a mistrial in the case after jurors failed to agree on whether to convict or acquit the brothers, Inner City Press reported.

The decision came after a three-week trial in Manhattan federal court,  resulting in differing theories from prosecutors and the defense regarding the Peraire-Buenos’ alleged actions involving maximal extractable value (MEV) bots.

A MEV attack occurs when traders or validators exploit transaction ordering on a blockchain for profit. Using automated MEV bots, they front-run or sandwich other trades by paying higher fees for priority.

In the brothers’ case, they allegedly used MEV bots to “trick” users into trades. The exploit, though planned by the two for months, reportedly took just 12 seconds to net the pair $25 million.

In closing arguments to the jury this week, prosecutors argued that the brothers “tricked” and “defrauded” users by engaging in a “bait and switch” scheme, allowing them to extract about $25 million in crypto. They cited evidence suggesting that the two plotted their moves for months and researched potential consequences of their actions. 

“Ladies and gentlemen, bait and switch is not a trading strategy,” said prosecutors on Tuesday, according to Inner City Press. “It is fraud. It is cheating. It is rigging the system. They pretended to be a legitimate MEV-Boost validator.” 

Related: MEV bot exploit heads to US court, testing crypto’s legal gray zones

In contrast, defense lawyers for the Peraire-Buenos pushed back against the US government’s theory of the two pretending to be “honest validators” to extract the funds, though the court ultimately allowed the argument to be presented to the jury.  

“This is like stealing a base in baseball,” said the defense team on Tuesday. “If there’s no fraud, there’s no conspiracy, there’s no money laundering.”