Key Points: The CFTC accuses Avraham Eisenberg price manipulation and inflated Mango Markets prices.
The majority of these details are well-known since Eisenberg used Mango Markets for the first time in October 2022. Eisenberg later admitted to the alleged illegal acts, but defended his conduct.
According to the CFTC Eisenberg has been involved in, is engaged in, or is about engaging in counterfeit and manipulative conducts and practices. This is in violation to multiple parts of U.S. commodities regulations.
Avraham Eisenberg (aka Mango Avi Eisenberg) is being accused by the Futures Trading Commission of price manipulation, price hype, and a rogue past on Mango Markets. Mango Markets is a derivatives trading platform on Solana. The attacker, identified as Avraham Eisenberg, claimed that what happened to Mango was a highly profitable trading strategy. He also claimed that it didn’t violate any rules because it was the fault of the project. judgment. Eisenberg kept his promise. He returned $67 million on October 15 to Mango Markets. The regulator is trying to enforce a trading restriction and collect various fines and penalties in order to bring Eisenberg into compliance. According to the CFTC, Eisenberg “has not been registered” with CFTC. On December 27, Eisenberg was taken into custody after the Southern District of New York (SDNY), filed a number of charges against him. On January 5, a judge ordered Eisenberg’s detention due to concerns that Eisenberg could leave before the hearing ended. It is not known when Eisenberg’s case will be closed. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: Avraham EisenbergCFTCMango MarketsSDNYSolana