Mango Markets attackers to be sentenced on July 29

According to the Manhattan jury's verdict, Avi Eisenberg, the attacker of Mango markets, was found guilty of fraud and market manipulation. New York District Court Judge Arun Subramanian will sentence him on July 29th. (CoinDesk)

Earlier reports stated that if all three charges against Avraham Eisenberg, who traded on the DeFi trading platform Mango Markets in October 2022, were found guilty by the jury, he could face up to 20 years in prison. These trades earned him at least $110 million worth of various cryptocurrencies. The authorities are trying to portray these trades as illegal profits from market manipulation, while the defense claims they are legitimate trading strategies.