Mango Market attacker convicted of fraud and market manipulation

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Cryptocurrencies Nyheter

Sverige Senaste nytt,Sverige Rubriker

Mango Market attacker Avi Eisenberg was convicted by a federal jury on Thursday for 'fraudulently obtaining' funds from the Solana-based decentralized exchange (DEX).

A New York federal jury convicted Avi Eisenberg for his role in Mango Market's $110 million attack. The attacker claimed his actions were legal before returning some of the ill-gotten funds. Eisenberg could face up to 20 years in prison after being convicted of wire fraud and market manipulation. Mango Market attacker Avi Eisenberg was convicted by a federal jury on Thursday for fraudulently obtaining funds from the Solana-based decentralized exchange .

He later reached out to Mango's decentralized autonomous organization , claiming his actions were legal and within the confinement of the protocol's design. Eisenberg later offered to return $67 million and keep the rest of the funds, which Mango's DAO agreed to through a governance vote. Eisenberg was convicted on Thursday by a federal jury in New York and could face up to 20 years in prison when he is sentenced on July 29.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE

Sverige Senaste nytt, Sverige Rubriker