Overview of Alleged Theft
- Avraham Eisenberg allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets, resulting in the theft of $116 million.
- Eisenberg faces criminal charges from the DOJ and civil lawsuits from the U.S. Commodity Futures Trading Commission, Securities and Exchange Commission and Mango Markets.
- Judge Richard Berman of the U.S. District Court for the Southern District of New York set Avraham Eisenberg’s trial date for Dec. 4.
Avraham Eisenberg faces criminal charges from the Department of Justice (DOJ) for commodities fraud, commodity manipulation and wire fraud related to the alleged Mango Markets exploit in October 2022. He has pleaded not guilty to these counts, claiming at the time that his actions had been legal as part of a “highly profitable trading strategy”. A hearing in February saw him waive his right to bail; he is currently being held in US custody awaiting trial on December 4th 2021.
The U.S. Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Mango Markets have all filed separate civil suits against Avraham Eisenberg regarding this incident in January 2021. In response, Eisenberg has returned roughly $67 million stolen funds back to Mango markets with no admission nor denial of guilt or liability, according to court records filed on June 14th 2021 by Judge Richard Berman of the U.S. District Court for the Southern District of New York who set Avraham Eisenberg’s trial date for December 4th 2021 due to these ongoing lawsuits..