Avraham 'Avi' Eisenberg has been convicted on charges of fraud and market manipulation after a jury found him guilty of exploiting the Mango Markets cryptocurrency platform, resulting in a $110 million loss. The trial, which took place in New York, commenced on April 9 and concluded after a week of deliberations. Eisenberg, who manipulated the platform's native token to inflate its value and then borrowed against that inflated valuation, faces up to 20 years in prison if sentenced on all counts. Mango Markets was hacked in October 2022.
A Manhattan jury has found crypto trader @avi_eisen guilty of fraud and market manipulation for his $110 million heist from decentralized finance protocol @mangomarkets in October 2022. Eisenberg faces up to 20 years in prison. https://t.co/AJbmtPSZK1 https://t.co/2H5jOQnVNV
A Manhattan federal jury found a cryptocurrency trader guilty Thursday of illegally taking $110 million out of Mango Markets by inflating the value of its tokens, then borrowing against that valuation to suck the value out of the decentralized exchange. https://t.co/f2wod5wUc9
Crypto trader Avi Eisenberg convicted of fraud in $110 million @MangoMarkets scheme Faces Up to 20 Years in Prison https://t.co/rDgz8Vv6IO #GuruDown
Avraham 'Avi' Eisenberg was convicted for charges related to the Mango Market exploit, reports Bloomberg. Mango Markets was hacked in October 2022 after someone artificially pumped the price of MANGO, the platform's native token.
A jury found Avraham "Avi" Eisenberg guilty on all three counts of fraud and manipulation in a $110 million crypto trade scheme using the Mango Markets platform. https://t.co/CuVQNxk5ZA
Avraham 'Avi' Eisenberg was convicted of multiple charges, including market manipulation, after exploiting crypto platform Mango Markets, leading to over $110 million in losses https://t.co/1ZkVpx2MII
Mango Markets Attacker Guilty of Fraud Over $110 Million Exploit ► https://t.co/LQjGX4hkEd https://t.co/LQjGX4hkEd
NEW: A 12-person jury has convicted Mango Markets exploiter Avi Eisenberg on fraud and manipulation charges after a weekslong trial. @cheyenneligon reports https://t.co/PAs4ruhpHm
A trader accused of exploiting Mango Markets rules to steal $110 million from the exchange was convicted of fraud Thursday in the first US trial involving criminal charges tied to cryptocurrency manipulation. https://t.co/zRn1DPQ7bR
EISENBERG CONVICTED IN $110M MANGO MARKETS EXPLOIT - Avraham 'Avi' Eisenberg was convicted today on charges linked to the $110 million exploit of @MangoMarkets. - Eisenberg's trial, which commenced on April 9, lasted slightly over a week, culminating in his conviction for… https://t.co/om8M6kWS6g https://t.co/33GlEgOOdy
🚨BREAKING: AVI EISENBERG HAS BEEN CONVICTED FOR THE $110M EXPLOIT OF @MANGOMARKETS
Avraham 'Avi' Eisenberg convicted for $110 million Mango Markets exploit: report https://t.co/tx4NAvNDGN
JUST IN: The Mango Markets case concluded after a jury convicted Avi Eisenberg following a one-week trial, according to Bloomberg
🚨🚨🚨BREAKING: @MANGOMARKETS HACKER AVI EISENBERG CONVICTED IN $110M EXPLOIT
*AVI EISENBERG CONVICTED IN $110 MILLION EXPLOIT OF MANGO MARKETS: BLOOMBERG - THE BLOCK PRO
CRYPTO TRADER CONVICTED IN $110 MILLION HAUL FROM MANGO MARKETS
*CRYPTO TRADER CONVICTED IN $110 MILLION HAUL FROM MANGO MARKETS: BBG
JURY DELIBERATES ON $110M MANGO MARKETS FRAUD TRIAL - Avi Eisenberg awaits the jury's decision on charges related to alleged $110 million fraud through trades on @MangoMarkets, facing up to 20 years in prison if convicted. - The trial in New York saw closing arguments,… https://t.co/URvM5lmHAS https://t.co/s1kEWkhU2p
Jury Begins Deliberations in $110M @MangoMarkets Fraud Trial Avi Eisenberg faces up to 20 years in prison if he’s convicted on all three counts against him https://t.co/JXm36kiaq4
A New York jury will decide whether or not Mango Markets exploiter Avi Eisenberg’s $110 million windfall was a legitimate crypto trade or old-fashioned fraud. @cheyenneligon and @realDannyNelson report https://t.co/o7MSoP27A4