Avraham “Avi” Eisenberg, convicted of fraud and market manipulation tied to the Mango Markets exploit, will face sentencing on April 10.
A US District Court judge postponed the hearing at the request of Eisenberg’s legal team, citing the complexity of the case. Initially scheduled for December 2024, sentencing has now been delayed twice.
Eisenberg exploited Mango Markets in October 2022, draining over $100 million. While he returned $67 million following a community governance vote, he kept more than $40 million. Arrested in December 2022, Eisenberg has been in custody for nearly two years and could face up to 20 years in prison.
Summary Review: Avi Eisenberg’s case underscores the severe consequences of exploiting decentralized platforms. With sentencing set for April, this high-profile case highlights the need for stronger security and accountability in the crypto space.
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