The criminal case against the cryptocurrency user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets will move forward in the United States, with a trial scheduled for December 4.
According to court records filed June 14, Judge Richard Berman of the US District Court for the Southern District of New York set Avraham Eisenberg’s trial date for December 4. Eisenberg was allegedly responsible for executing a serious Mango Markets exploit in October 2022, which resulted in the theft of approximately $116 million in the MNGO governance token, USD Coin (USDC) and Marinade Staked SOL (mSOL).
Eisenberg has pleaded not guilty to 3 criminal counts of commodity fraud, commodity manipulation and wire fraud related to the Mango Markets exploit. The platform reported in October 2022 that it had returned approximately $67 million of the funds, with the cryptocurrency user claiming at the time that his actions had been legal as part of a “highly profitable trading strategy.”
Attorneys for the US Attorney’s Office and Eisenberg’s defense team have until June 22 to file pretrial motions regarding the schedule. It also faces other civil lawsuits filed in January by the Commodity Futures Trading Commission, the Securities and Exchange Commission and Mango Markets.
The alleged Mango Markets exploiter has not posted on his Twitter account since authorities detained him in Puerto Rico in December 2022 and transferred him to Oklahoma. He has largely remained in US custody following a February hearing in which he waived his right to bail.
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