Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

May 20, 2025

MSTR’s STRK Issue Hits Record Proceeds, Has Topped BTC Price Gain, S&P 500 Since Debut

May 20, 2025

Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

May 20, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

    May 20, 2025

    MSTR’s STRK Issue Hits Record Proceeds, Has Topped BTC Price Gain, S&P 500 Since Debut

    May 20, 2025

    Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

    May 20, 2025

    India’s Supreme Court urges government to regulate cryptocurrency

    May 20, 2025

    Bitcoin is signaling a golden cross — What does it mean for BTC price?

    May 20, 2025

    Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

    May 20, 2025

    Bitcoin Will Go ‘Much, Much Higher’ as US Government Needs To Borrow More Money Than We Think: Arthur Hayes

    May 20, 2025

    Sorry bears — Bitcoin analysis dismisses $107K BTC price double top

    May 20, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

    May 19, 2025

    US crypto funds top $7.5B inflows in 2025 as investor appetite grows

    May 19, 2025

    Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

    May 19, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Community sales are the future of crypto fundraising

    May 19, 2025

    Trader Predicts Ethereum Rally to All-Time Highs, Expects Bullish Continuation for Chainlink and One Solana Rival

    May 19, 2025

    German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

    May 20, 2025

    MSTR’s STRK Issue Hits Record Proceeds, Has Topped BTC Price Gain, S&P 500 Since Debut

    May 20, 2025

    Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

    May 20, 2025

    Aave TVL Doubles Post-Downturn, Ethereum DeFi’s Comeback?

    May 20, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Parabolic: Escape the Fiat System NOW!

    May 19, 2025

    Buy These Altcoins! (Congress About to GREENLIGHT Crypto Bill THIS WEEK!)

    May 19, 2025

    URGENT: Crypto Holders – It's a TRAP!! What Comes NEXT?? (Do NOT Be Fooled!)

    May 19, 2025

    Million Dollar Bitcoin?

    May 19, 2025

    Bitcoin's KEY Levels, Altseason Incoming, XMR, ENA, HYPE & More

    May 19, 2025
ApeWatcher News
Home » Prosecutors seek over 6 years prison for Mango Markets exploiter
Prosecutors seek over 6 years prison for Mango Markets exploiter
News

Prosecutors seek over 6 years prison for Mango Markets exploiter

Coin TelegraphBy Coin TelegraphApril 24, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in 2022, to at least six and a half years behind bars.

Ahead of Eisenberg’s May 1 sentencing hearing, US prosecutors are petitioning US District Judge Arun Subramanian for Eisenberg to face between 78 and 97 months in prison, according to an April 22 filing in a New York district court.

Prosecutors argue it’s an appropriate sentence for Eisenberg’s April 2024 conviction for committing wire fraud, commodities fraud and commodities manipulation in connection with the Mango Markets exploit and separate charges that he possessed child pornography.

“This sentence is necessary to, among other things, appropriately reflect the gravity of the defendant’s crimes, promote respect for the law, deter the defendant from future criminal activity, and protect the public,” the prosecutors said.

“Fraud that takes over $100 million from investors and effectively shuts down a business is a shocking violation of criminal law, and it necessitates a sentence commensurate with the crime.”

Mango Markets announced on Jan. 11 that it was winding down operations. It first launched in August 2021. A subsequent Jan. 18 post to X gave a date of Feb. 3 for the shutdown.

Source: Mango Markets

During his April 2024 trial, Eisenberg’s legal team claimed he orchestrated a legal trading strategy that saw him profit $110 million from Mango Markets.

He has returned roughly $67 million of the funds after the exploit, but retained more than $40 million following a community governance vote.

Mango Markets hopes for restitution

In an April 22 impact statement filed by lawyers acting for Mango Markets, the exchange asks that, in light of Eisenberg’s conviction, the court grant $47 million restitution to make everyone, “including Mango DAO, whole.”

“Although Eisenberg’s attack cannot be undone, return of the funds he misappropriated is critical to righting his wrong,” Mango Markets said.

Related: Mango Markets heist like a fake diamond ring scam: Prosecutor

“No amount of money will fix the damage that Eisenberg has caused to Mango Markets’ reputation and the suffering his avarice caused, but returning the money, Eisenberg made off with will at least help.”

Authorities arrested Eisenberg in December 2022. After his conviction, his sentencing has been postponed multiple times.

Initially, it was scheduled for Dec. 12, 2024, but it was later delayed to Feb. 11, 2025, and April 10, 2025. Eisenberg’s legal team said the complexity of the sentencing issues caused the delays. 

Magazine: Ethereum maxis should become ‘assholes’ to win TradFi tokenization race

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

May 20, 2025

MSTR’s STRK Issue Hits Record Proceeds, Has Topped BTC Price Gain, S&P 500 Since Debut

May 20, 2025

Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

May 20, 2025

India’s Supreme Court urges government to regulate cryptocurrency

May 20, 2025

Crypto Daybook Americas: BTC Price Holding Above $100K Is Cementing New Psychological Floor

May 20, 2025

Crypto.com and Canary Capital Launch Canary CRO Trust for US Investors

May 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

German gov’t missed out on $2.3B profit after selling Bitcoin at $57K

May 20, 2025

MSTR’s STRK Issue Hits Record Proceeds, Has Topped BTC Price Gain, S&P 500 Since Debut

May 20, 2025

Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

May 20, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.