CFTC Alleges Market Manipulation Against Mango Markets Exploiter

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The CFTC has brought charges against Avraham Eisenberg for his role in Mango Markets' $100 million loss last year. Eisenberg said last year he was part of 'a highly profitable trading strategy.' nikhileshde reports

he was part of a group that"operated a highly profitable trading strategy" and would return some of the funds to Mango. In later tweets he said he believed his actions were legal. The Justice Department arrested him roughly two months later on market manipulation charges.

Like the DOJ, the CFTC pointed to Eisenberg's public statements, saying he"admit[ted] to his scheme" in a Discord server prior to the exploit and in tweets after the funds were drained. "Contrary to his purported belief that his actions were legal, in fact, they constituted blatant manipulation of spot prices and swaps," the CFTC said.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

CFTC nikhileshde Bring charges against that crook Benham next

CFTC nikhileshde Meanwhile large institutional FX traders simply get a small fine for doing exactly this and colluding. Avi gave back most of the exploited funds.

CFTC nikhileshde more like a highly probable incarceration strategy.

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