Kommunitas

After draining Mango Markets’ treasury in mid-October, Avraham Eisenberg was arrested in Puerto Rico and may now be the first U.S. resident to face charges for his role in manipulating a decentralized finance (DeFi) trading platform.Eisenberg manipulated the price of perpetual contracts (a type of futures contract popular in crypto markets) for Mango Markets’ native token MNGO. He sold massive amounts of MNGO perpetual contracts to himself, thus pumping the price of those contracts by 1,300% in under an hour. Due to this crime, Eisenberg will face charges of commodities fraud and commodities manipulation as the punishment ranging from fines to prison time. #KOMnews #kommunitas #mangomarket #defi #avraham #manipulation #arrested #puertorico #cryptoupdate #cryptonews #cryptocurrency #blockchaintechnology<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/045a623262e547eea33559a837ba6cf9.png" /><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e772b089c6734a60983e7161310e466d.png" />

Avraham Eisenberg Arrested in Puerto Rico for Market Manipulation

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