In a landmark legal case, a New York federal jury convicted cryptocurrency trader Avi Eisenberg of market manipulation involving the Mango Markets platform. Eisenberg was found guilty of inflating the platform's tokens and subsequently borrowing $110 million against them, despite his 'Code Is Law' defense. This case marks the first-ever conviction for cryptocurrency market manipulation. Sentencing is scheduled for July 29.
Notorious crypto manipulator guilty of inflating prices in $110M scheme https://t.co/RXWtSfJog1
Uh oh.... New York jury convicts man in first-ever cryptocurrency market manipulation case https://t.co/xb5cjpogHg
CRYPTO VERDICT: In Trial of Avi Eisenberg, Jury Says Guilty Despite Code Is Law Defense so July 29 Sentencing - Inner City Press story: https://t.co/PjIWhaAfDL https://t.co/heoyzkoxr9
A Manhattan federal jury weighed charges Wednesday against a cryptocurrency trader accused of illegally squeezing $110 million out of Mango Markets by inflating the finance platform's tokens, then borrowing against them. https://t.co/aS949WRjvC
CRYPTO IN THE COURTS: Virgil Griffith Got 63 Month Sentence After He Pled To North Korea Sanctions Violation Conspiracy Now He Asks for Resentencing - Inner City Press story: https://t.co/VBy1Xuog7p Filing on Patreon here: https://t.co/kvmB9w4uz8
Federal jurors in New York heard sharply contrasting arguments on whether a trader manipulated the Mango Markets cryptocurrency exchange to steal $110 million or executed a perfectly legal strategy. https://t.co/B4vAVIm4ZW