A jury found Eisenberg guilty of wire fraud, commodities fraud, and commodities manipulation in April 2024. The defense argued that the exploit was not a cybercrime and represented a “successful and legal trading strategy.”
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Judge Overturns Key Convictions in $110M Mango Markets Crypto Case
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Avraham Eisenberg was found guilty by a U.S. jury in April 2024 of wire fraud market manipulation for artificially inflating the price of Mango Markets’ MNGO token and using the inflated value as collateral to withdraw $110 million in cryptocurrency
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