On Monday, the U.S. Commodity Futures Trading Commission (CFTC) filed charges of manipulation against Avraham Eisenberg, the exploiter of Mango Markets. These charges come just a few short weeks after Eisenberg, aka Mango Avi, was arrested by the United States Department of Justice (DOJ) on charges that were particularly similar.
CFTC Sues Mango Markets Exploiter
According to a lawsuit filed on Monday, Eisenberg engaged in “manipulation of a swap” for his part in abusing Mango Markets in October and used a manipulative or deceitful method to influence the price of the MNGO token through swaps. After a trader used numerous accounts to buy, sell, and hedge the price of the MNGO token, more than $100 million in cryptocurrency was stolen from the decentralized exchange.
The new complaint filed by the CFTC was quoted as saying:
A manipulative and deceptive scheme to artificially inflate the price of swaps offered by Mango Markets.
Read More: What Are Music NFTs? How Are They Changing M
We współpracy z: https://coingape.com/cftc-sues-mango-markets-exploiter/
