{"id":12716,"date":"2024-04-19T09:31:44","date_gmt":"2024-04-19T06:31:44","guid":{"rendered":"https:\/\/forklog.com\/en\/jury-finds-mango-markets-attacker-guilty\/"},"modified":"2024-04-19T09:31:44","modified_gmt":"2024-04-19T06:31:44","slug":"jury-finds-mango-markets-attacker-guilty","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jury-finds-mango-markets-attacker-guilty\/","title":{"rendered":"Jury Finds Mango Markets Attacker Guilty"},"content":{"rendered":"<p>On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-18\/crypto-trader-convicted-in-110-million-haul-from-mango-markets\">Bloomberg<\/a>.<\/p>\n<p>During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, he devised a &#8220;successful and legal trading strategy,&#8221; resulting in a gain of approximately $110 million. They also noted that Eisenberg returned about $67 million to Mango Markets, retaining over $40 million with community approval.<\/p>\n<p>However, the prosecution insisted on punishment for Eisenberg. After several hours of deliberation, the jury found him guilty of fraud and market manipulation.<\/p>\n<p>The final sentencing is expected on July 29. Eisenberg faces up to 20 years in prison, along with actions from the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> and the <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>. These agencies filed claims in January 2023 but suspended the process due to the criminal case.<\/p>\n<p>Moody\u2019s rating agency concluded that the trial of Eisenberg would have a positive impact on the DeFi sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by Bloomberg. During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1154,1093],"class_list":["post-12716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12716"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12715"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}