Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
NEW YORK – A Manhattan jury has found crypto trader Avi Eisenberg guilty of fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022.
During his trial in New York’s Southern District, Eisenberg’s defense attempted to frame his trades on Mango Markets as “successful and legal,” arguing that they “fully complied” with the decentralized protocol’s scanty rules at the time of the heist. Eisenberg is the latest crypto figure to be convicted of fraud, following shortly on the heels of FTX founder Sam Bankman-Fried’s conviction and subsequent 25 year sentence for his role in the collapse of FTX, and Terraform Labs co-founder Do Kwon being found liable for fraud in civil fraud case against him earlier this month.
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