This week, the criminal trial of Avi Eisenberg, a trader accused of stealing $110 million from the Mango Markets cryptocurrency exchange, begins, marking a significant moment in the US crackdown on cryptocurrency fraud. Eisenberg's trial, which opens Tuesday after a 15-person jury was seated, will delve into allegations of criminal fraud and market manipulation. The case against Eisenberg is nuanced, with debates surrounding whether his actions constituted a legitimate trading strategy or outright market manipulation. His defense argues that the trades were perfectly legal, high-risk maneuvers with no intent to defraud, challenging the prosecution's portrayal of the $110 million trade as a modern scam. This trial tests the 'Code is Law' claim and the boundaries of legal and illegal activities within the DeFi (Decentralized Finance) sector.
A jailed trader accused of manipulating the Mango Markets cryptocurrency exchange to steal $110 million was actually executing perfectly legal, high-risk trades and had no intent to defraud anyone, his lawyer said. https://t.co/phGVm1YTK5
A crypto trader facing prison for fraud says his actions were all in the DeFi game. https://t.co/CJMVQWwjOg
A jailed trader accused of manipulating the Mango Markets cryptocurrency exchange to steal $110 million was actually executing perfectly legal, high-risk trades and had no intent to defraud anyone, his lawyer said. https://t.co/uB6sVEHtS3
To prosecutors, Avi Eisenberg's $110m trade on Mango Markets put a digital twist on an old scam. To his defense team, it was a legit windfall from the risky world of DeFi, where old rules don't apply. @realdannynelson reports from the courthouse https://t.co/kh8Fq8XSsO
A trial kicked off in federal court for a crypto trader and a strategy he employed that prosecutors allege was a $110 million theft. https://t.co/9cqNGjh3Jq
US GOVERNMENT BEING SUED FOR $9.6 BILLION BY FORMER-ETH ADVISOR THAT ACCUSED VITALIK BUTERIN OF FRAUD “As a direct and proximate result of the wrongful conduct of federal agents and/or officers, Mr. Nerayoff’s well-being, personal life and career were irreparably harmed.” -… https://t.co/Vs9CPFq0GE https://t.co/vjGtfMakwq
🚨NEW: Former adviser to the #Ethereum network, @StevenNerayoff and his legal team have filed a Federal Tort Claims Act (FTCA) lawsuit suing the U.S. government for $9.6 billion in personal damages as a result of false charges brought against Nerayoff and his mistreatment by…
The cryptocurrency co-founder lied to investors about the true nature of his "algorithmic stablecoin," a civil jury found. @benlucassherry https://t.co/NJWCMG1DR3
JUST IN: TRIAL OF TRADER THAT TOOK $110 MILLION FROM @MANGOMARKETS TO BEGIN TODAY
A jailed trader accused of stealing $110 million on the Mango Markets exchange faces a criminal trial this week that will test the reach of a US crackdown on cryptocurrencies https://t.co/PdLNfMoRyI via @crypto https://t.co/KH9LRE8JK8
Yes, everyone is sick of crypto crook trials. But, while the SBF case was pretty clear from the outset, the case against Avi is more nuanced. Is code really law? Was it a "profitable trading strategy" or outright market manipulation? https://t.co/7HtlyXY74y
Crypto trader Avi Eisenberg's criminal fraud and manipulation trial will open Tuesday after a federal judge seated a 15-person jury. Preview by @RealDannyNelson https://t.co/RZOnog8moD
Crypto Comeuppance: A Deep Dive Into the Sentencing of FTX Founder Sam Bankman-Fried https://t.co/ZwZpVyfhOT #cryptocurrency #crypto #fraud @bradleylegal https://t.co/OrhuR1S9if
Crypto Scam Criminal Trial Tests 'Code Is Law' Claim by Trader https://t.co/9AQn25V6JV
A jailed trader accused of stealing $110 million on the Mango Markets exchange faces a criminal trial this week that will test the reach of a US crackdown on cryptocurrencies https://t.co/gvO0lEeUwe