The United States Securities and Exchange Commission (SEC) has charged Mango Markets manipulator Avraham Eisenberg for stealing crypto assets worth $116 Million. As per the press release, Eisenberg has allegedly been involved with committing fraud and market manipulating the MNGO token, Mango’s governance token that was offered and sold as a security.
Eisenberg, a U.S. citizen, was arrested in Puerto Rico in December and will now be deported to New York to face criminal and civil charges. In October 2022, he admitted his actions and described the scheme as a “highly profitable trading strategy” on Twitter. As a result, Mango Markets had temporarily been insolvent. He also defended the scheme in one of the podcasts.
David Hirsch, Chief of the Crypto Assets and Cyber Unit, has stated:
Source: Cryptocurrency - investing.com
