The criminal case against the cryptocurrency user allegedly behind the multimillion-dollar exploitation of decentralized exchange Mango Markets will continue in the United States, with a trial scheduled for December 4.
According to court records filed June 14, Judge Richard Berman of the U.S. District Court for the Southern District of New York set Avraham Eisenberg’s trial date for December 4. Eisenberg was allegedly responsible for carrying out a major exploit of Mango Markets in October 2022, resulting in the theft of approximately $116 million in the MNGO token, USD Coin (USDC) and Marinade Staked SOL (mSOL).
Eisenberg pleaded guilty to three felony counts of commodity fraud, commodity manipulation and wire fraud related to his use of Mango Markets. The platform announced in October 2022 that it had returned roughly $67 million in cryptocurrency user funds claim at that time that his actions were legal as part of a “highly profitable business strategy”.
Attorneys for the U.S. Attorney’s Office and Eisenberg’s defense attorney have until June 22 to submit motions regarding the timeline. Also facing separate civil actions filed in January by the Commodity Futures Trading Commission, the Securities and Exchange Commission and Mango Markets.
The alleged Mango Markets exploiter has not posted on his Twitter account since authorities arrested him in Puerto Rico in December 2022 and took him to Oklahoma. After a hearing in February in which he was largely held in US custody waived his right on bail.