New York jury convicts man in first-ever cryptocurrency market manipulation case

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Avraham Eisenberg was found guilty of obtaining $110 million by manipulating the price of cryptocurrency futures on Mango Markets, and a crypto token.

A New York federal jury convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice's first-ever cryptocurrency open-market manipulation case, prosecutors said.

Prosecutors said Eisenberg fraudulently obtained about $110 million worth of cryptocurrency from the Mango Markets exchange and its customers by artificially driving up the price of both futures contracts and the MNGO crypto token. A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice's first-ever

 

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