Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,429)
  • Analysis (1,612)
  • Bitcoin (2,201)
  • Blockchain (1,296)
  • DeFi (1,518)
  • Ethereum (1,501)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,561)
  • Press Releases (2)
  • Reddit (852)
  • Regulation (1,460)
  • Security (2,083)
  • Thought Leadership (3)
  • Videos (41)
Hand picked
  • CoffeeZilla Fail
  • Fannie MAE, Freddie Mac ordered to explore cryptographic mortgages
  • The whales add $ 915 million in XRP – can make up for detail, in the affirmative, prices will be …
  • Metaplanet exceeds Tesla in Bitcoin Holdings
  • Torram launches DAPP Challenge with 3M tokens to win to provide native Bitcoin institutional challenge applications
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Altcoins»American prosecutors are looking for 6.5 years of pain for the mango markets hacker avi eisenberg
Altcoins

American prosecutors are looking for 6.5 years of pain for the mango markets hacker avi eisenberg

April 24, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
1745481302 image 1745481263339 optimized.jpg
Share
Facebook Twitter LinkedIn Pinterest Email



US federal prosecutors push a prison sentence up to 6.5 years for Avraham “AVI” Eisenberg, who was sentenced for his role in the feat of $ 110 million in decentralized mango markets in 2022.

In a judicial file of April 22, the prosecutors asked judge Arun Subramanian to inflict a sentence between 78 and 97 months before the Eisenberg condemnation hearing on May 1.

Eisenberg was found guilty in April 2024 of fraud by wire, fraud on raw materials and market manipulation linked to the attack on the mango markets.

He also faces separate accusations linked to the possession of juvenile pornography, which the prosecutors argue that a long prison sentence justifies.

Prosecutors highlight the closure of $ 100 million in the fraud and mango markets

In their file, the prosecutors underlined the severity of Eisenberg’s actions, declaring that its program not only defrauded investors with more than $ 100 million but also forced the mango markets to close.

“This sentence is necessary to reflect the severity of the accused’s crimes, dissuade future faults and protect the public,” said the file.

Mango Markets, launched in August 2021, announced in January 2024 that it would cease operations, citing the lasting impact of the feat. The platform officially closed its doors on February 3.

Mango market update update

Mango closes February 3, 2025

We ask all users to close their positions before this time to avoid liquidation and penalty fees

The range of liquidation costs can be found here: https://t.co/sdefulccaj

– Mango (@mangomarkets) January 18, 2025

During his trial, the defense of Eisenberg argued that his actions were part of a legal trading strategy.

Although he returned around $ 67 million following a community governance vote, he has kept more than $ 40 million in the feat.

In an impact statement on the victim, Mango Markets asked for $ 47 million on return, arguing that the return of funds is essential to mitigate the financial damage caused by Eisenberg.

“No amount of money will repair reputation damage or the suffering inflicted, but the restitution will help make the whole community,” the statement noted.

Eisenberg was arrested in December 2022, and his conviction faced several delays due to what his legal team described as complex legal considerations.

Initially scheduled for the end of 2024, the hearing was postponed several times before being scheduled for May 2025.

If the court agrees with the prosecutors, Eisenberg could face one of the hardest sorrows pronounced to a feat linked to DEFI to date.

How Eisenberg manipulated contracts on the mango markets

On October 11, 2022, Mango Markets was the victim of an attack in which approximately $ 110 million was drained from his treasure.

Shortly after the attack, Avraham Eisenberg appeared as an author, claiming that the feat was only a “very profitable negotiation strategy” and claiming that it was carried out within the limits of legality and the planned design of the protocol.

According to the prosecutors, Eisenberg used two accounts to engage in manipulative trade involving term contracts linked to the values ​​of the Mango token in Mango and the coin to the mouth of the range.

Last year, Eisenberg also faced additional accusations of possession of juvenile pornography.

At the time, court documents allegedly alleged that Eisenberg had images in his possession representing prepuber minors under 12 years of age.

Previous court documents filed in August revealed that the equipment had initially been discovered on mobile phones and laptops of Eisenberg during a search linked to the accusations of manipulation and market fraud.

The United States prosecutors are looking for 6.5 years of sentence for the mango markets, Avi Eisenberg, appeared first on Cryptonews.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTrump to organize an exclusive dinner for the best holders of $ Trump, 70% throwing
Next Article What is Bitcoin’s height in 2025?

Related Posts

Altcoins

The whales add $ 915 million in XRP – can make up for detail, in the affirmative, prices will be …

June 26, 2025
Altcoins

Altcoins could ignite the major pump ” If these two things happen, according to analyst Kevin Svenson

June 26, 2025
Altcoins

Pi breaks a 45 -day collapse with 15% pop on the integration of the channel – target of $ 1 now in play

June 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

The whales add $ 915 million in XRP – can make up for detail, in the affirmative, prices will be …

June 26, 2025

Altcoins could ignite the major pump ” If these two things happen, according to analyst Kevin Svenson

June 26, 2025

Pi breaks a 45 -day collapse with 15% pop on the integration of the channel – target of $ 1 now in play

June 26, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,691.85
ethereum
Ethereum (ETH) $ 2,453.60
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 645.73
solana
Solana (SOL) $ 143.41
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.272151
dogecoin
Dogecoin (DOGE) $ 0.16044
staked-ether
Lido Staked Ether (STETH) $ 2,451.54