April 25, 2025
The US was invited eight years for an attack participant on Mango Markets thumbnail
Business

The US was invited eight years for an attack participant on Mango Markets

The prosecutors of the Southern District of New York appealed to the judge to appoint a term of 78 to 97 months of prison for Abraham Isenberg, guilty of an attack on the Mango Markets Defi Project in 2022. The meeting was scheduled for May 1. “This sentence is needed, among other things, to properly reflect the gravity of the defendant’s crimes, to promote respect for the law, to keep him from future criminal activity and to protect the public,” – said […]”, – WRITE: Businessua.com.ua

The US was invited eight years for an attack participant on Mango Markets - Infbusiness

The prosecutors of the Southern District of New York appealed to the judge to appoint a term of 78 to 97 months of prison imprisonment for Abraham Isenberg, guilty In the case of an attack on the Mango Markets Defi Project in 2022.

The meeting was scheduled for May 1.

“This sentence is needed, among other things, to properly reflect the gravity of the defendant’s crimes, to promote respect for the law, to keep him from future criminal activity and to protect the public,” the prosecutors said.

Eisenberg argued that he acted as part of a legal trade strategy. However, prosecutors insist that he knew about the illegality of his actions.

In 2022, Eisenberg implemented a scheme that led to $ 110 million from the platform. He was later made additional accusations related to illegal content involving minors.

According to the document, Izenberg used two of his accounts for MNGO token, creating fake accounts on FTX, AscendEx and Serum platforms to increase its cost.

He then sold MNGO, which led to the collapse of the value of the asset and the temporary insolvency of the Mango Markets.

Earlier, Eisenberg denied the accusations of fraud and stated that he had been in force according to the rules of the protocol. However, the prosecutors indicated that he tried to hide his actions and left the country after learning about the investigation.

Later, the attacker returned Mango Markets about $ 67 million, keeping more than $ 40 million after the community approval.

We will remind, on April 18, the jurors were found Izenberg guilty of an attack on the Defi Project.

The gun

No votes yet.

Please wait …

Related posts

Cryptoquant has recorded the activation of “sleeping” bitcoins

unian ua

Bitcoin Rollup Citrea Deploys Bridge to TACKLE COLLATERAL BOTTLENECK OF USING BTC IN DEFI

unian ua

Riot Platforms Secures $ 100m Bitcoin-Backed Credit Line from Coinbase

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More