CFTC files suit in opposition to Avraham Eisenberg for market manipulation in Mango exploit

The US Commodity Futures Procuring and selling Commission (CFTC) filed suit in opposition to self-described digital artist Avraham Eisenberg on Jan. 9, charging him with two counts of market manipulation in connection with an exploit of decentralized finance platform Mango Markets. Eisenberg was once arrested on linked charges on Dec. 27 and is within the period in-between in custody.

The CFTC claimed in its suit that Eisenberg “engaged in a manipulative and untrue plot to artificially inflate the value of swaps offered by Mango Markets […] culminating within the misappropriation of over $100 million from the platform” in October. In step with the submitting, Eisenberg “bought over 400 million MNGO-USDC Swaps on Mango Markets with a pickle dimension of approximately $19 million.”

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