Source: Axios
“A jury found Avraham ‘Avi’ Eisenberg guilty on all three counts of fraud and manipulation in a $110 million crypto trade scheme using the Mango Markets platform. The case was the first known test for a jury to decide whether existing U.S. laws governing fraud and market manipulation apply to the world of decentralized finance (DeFi). The 28-year-old Eisenberg will be held to account for his actions on Oct. 11, 2022, when a series of trades he made intentionally boosted the price of Mango Markets’ native token, MNGO, as well as the price of futures contracts.” (04/18/24)
https://www.axios.com/2024/04/18/avi-eisenberg-convicted-crypto-defi-mango-markets