2022-10-18 16:00 |
Avraham and his team declared themselves responsible for the exploit on Mango Markets and claimed it is legal. origin »
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Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.
Mango Markets' governing body is looking to offer a settlement to the SEC.
FBI Computer Analysis and Response Team agents first found the material during a search of Eisenberg's devices in January 2023
Avraham 'Avi' Eisenberg, a figure in the digital finance sector, was found guilty in relation to a major security breach at Mango Markets, where over $110 million was compromised.
NEW YORK – A Manhattan jury has found crypto trader Avi Eisenberg guilty on fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022.
Crypto trader Avi Eisenberg’s fate now rests in the hands of 12 New York jurors, who have been tasked with deciding whether his October 2022 trades on Mango Markets – which netted him $110 million – were fair game or fraud.
The crypto trader is facing up to 20 years in jail if convicted on all counts.