
This week, the criminal trial of Avi Eisenberg, a trader accused of stealing $110 million from the Mango Markets cryptocurrency exchange, begins, marking a significant moment in the US crackdown on cryptocurrency fraud. Eisenberg's trial, which opens Tuesday after a 15-person jury was seated, will delve into allegations of criminal fraud and market manipulation. The case against Eisenberg is nuanced, with debates surrounding whether his actions constituted a legitimate trading strategy or outright market manipulation. His defense argues that the trades were perfectly legal, high-risk maneuvers with no intent to defraud, challenging the prosecution's portrayal of the $110 million trade as a modern scam. This trial tests the 'Code is Law' claim and the boundaries of legal and illegal activities within the DeFi (Decentralized Finance) sector.







A jailed trader accused of manipulating the Mango Markets cryptocurrency exchange to steal $110 million was actually executing perfectly legal, high-risk trades and had no intent to defraud anyone, his lawyer said. https://t.co/phGVm1YTK5
A crypto trader facing prison for fraud says his actions were all in the DeFi game. https://t.co/CJMVQWwjOg
A jailed trader accused of manipulating the Mango Markets cryptocurrency exchange to steal $110 million was actually executing perfectly legal, high-risk trades and had no intent to defraud anyone, his lawyer said. https://t.co/uB6sVEHtS3