Mango Markets Exploiter Eisenberg Arrested in Puerto Rico
The investor drained $110 million in cryptocurrencies from the platform.
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Avraham Eisenberg, the crypto investor whose “highly profitable trading strategy” drained DeFi trading platform Mango Markets of crypto worth $110 million, was arrested Monday in Puerto Rico, court documents said.
The self-described game theorist admitted his role in draining Mango Markets’ treasury shortly after the incident in mid-October, and may now be the first U.S. resident to face charges for his role in manipulating a decentralized-finance trading platform.
Eisenberg faces charges of commodities fraud and commodities manipulation, according to a filing unsealed Tuesday. The charges could see punishments ranging from fines to prison time.
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