Avraham Eisenberg was sentenced to more than four years in prison in charge of juvenile pornography, unrelated to his role in the feat in 2022 which drained the decentralized exchange markets of around $ 100 million.
According to the reports of Inner City Press, a judge sentenced Eisenberg to 52 months in prison at a hearing on May 1 before the American district court in the South District of New York. The case was filed in April 2024 after the Eisenberg indictment in 2023 on the fraud for the mango markets.
Eisenberg was originally to be sentenced in July 2024 following his guilt plea for accusation of juvenile pornography. In May 2024, the judge suggested that the conviction of the two cases would occur simultaneously in a consolidated procedure. However, on May 1, the condemnation of fraud remains unanswered.
The mango market affair reflects the growing probability of apprehension for pirates and cybersecurity operators that afflict cryptographic industry with malicious attacks against platforms and users.
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The case of Avraham Eisenberg
Mango Markets, a former decentralized crypto exchange, was operated in October 2022 thanks to manipulation of Oracle Price, losing $ 100 million in user funds.
The native token of exchange, Mango (MNGO), also dropped immediately after the hack, losing 52% of its value within 24 hours and leading the mango market team to suspend the deposits.
Eisenberg defended the feat, arguing that the breakage of $ 100 million had been carried out by “legal actions on the open market” and said that it had negotiated a regulation for the return of user funds after the stock market insurance fund did not covered the deficit.
In December 2022, the American federal authorities of the application of laws arrested Eisenberg in Puerto Rico. FBI officials charged the pirate of a raw material chief and a manipulation chief of raw materials.
A jury admitted Eisenberg guilty of wire fraud, fraud on raw materials and manipulation of raw materials in April 2024. The defense argued that the feat was not a cybercrime and represented a “successful and legal negotiation strategy”.
Following the conviction, the mango market lawyers filed a acquittal request in September 2024, which was strongly opposed by the American prosecutors, who argued that Eisenberg had been properly condemned by a meticulous evaluation of a “mountain of evidence”.
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