News with the tag "Avraham Eisenberg"

The world of decentralized finance (DeFi) often feels like the wild west, but recent legal developments are showing that actions in this space have real-world consequences. One of the most high-profile cases involves the Mango Markets exploiter , Avraham “Avi” Eisenberg, whose actions sent shockwave...

Mango Markets, a Solana-based DEX, is shutting down operations following an SEC settlement, governance votes and legal troubles stemming from a 2022 exploit.

Avi Eisenberg was found guilty of fraud and market manipulation in April 2024 and could face up to 20 years in prison.

The Mango DAO settlement follows Avraham Eisenberg's 2022 exploit of Mango Markets, which resulted in $110 million in losses.

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.

Mango Markets DAO has approved a settlement proposal with the SEC, including a $223,228 fine and the destruction of its MNGO governance tokens.

Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in...

Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively,...

Eisenberg has insisted all along that his actions on Mango Markets were legal trading and not fraud or market manipulation.

The two-week trial will test the government's strategy of portraying complex crypto trades as simple fraud.