Solana

DeFi

April

Mango

Coin

<ul class="news-points"> 
 <li>A 15-person jury will begin trial on Tuesday in Avi Eisenberg’s fraud and manipulation case.</li> 
 <li>According to reports, the trial is expected to run for two weeks.</li> 
 <li>Users think the trial would enable the government to increase policing of the DeFi sector.</li> 
</ul> 
A 15-person jury will begin <a href="https://twitter.com/TheBlock__/status/1777531066040946975" target="_blank" rel="nofollow">trial</a> on the criminal fraud and manipulation involving Avi Eisenberg on Tuesday, April 9, 2024. According to reports, the trial is expected to run for two weeks to determine whether Eisenberg broke the law in 2022 by deploying a self-described “highly profitable trading strategy.”&nbsp; 
The trader’s strategy reportedly crippled Mango Markets, the once popular venue for betting on cryptocurrencies on the Solana blockchain. Notably, Eisenberg’s trial could represent a significant moment in the decentralized finance (DeFi) evolution, with users suspecting it could substantiate or twist the existing notion that “code is law.”&nbsp; 
With the trial, the government could find the opportunity to interfere in the DeFi sector, enabling the policing of processes within the supposedly independent industry. It is a sector of the financial …
The post <a href="https://coinedition.com/eisenbergs-trial-could-trigger-deeper-defi-policing-by-the-government/">Eisenberg’s Trial Could Trigger Deeper DeFi Policing by The Government</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Eisenberg’s Trial Could Trigger Deeper DeFi Policing by The Government

Coin Edition

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