📰 Table Of Contents
Avraham Eisenberg’s Legal Troubles
Avraham Eisenberg, recently convicted of fraud and market manipulation in connection with a $110 million heist from Mango Markets, now faces additional charges of possessing child pornography.
Evidence of Child Pornography
Court documents allege that Eisenberg had images depicting prepubescent minors under the age of 12 in his possession. The material was discovered on his cell phones and laptops during a search related to the initial charges of market manipulation and fraud.
Investigation and Charges
A second warrant was obtained to investigate the possession and receipt of child pornography. Investigative journalist Christopher Brunet reported on Eisenberg engaging in disturbing conversations about children.
Legal Consequences
Eisenberg’s legal troubles have escalated with these new charges, adding to his conviction for fraud and market manipulation. The severity of the allegations surrounding child pornography further complicates the case.
The $110 Million Mango Markets Exploit
Mango Markets fell victim to an attack in which approximately $110 million was drained from its treasury. Avraham Eisenberg claimed responsibility for the exploit, stating it was a “highly profitable trading strategy” within legal limits.
Exploitative Trading
Prosecutors revealed that Eisenberg manipulated futures contracts tied to MNGO and USD Coin values, inflating his contracts by 1,300% in 20 minutes. This allowed him to withdraw $110 million in cryptocurrencies.
Legal Actions and Arrest
Eisenberg agreed to return $67 million to avoid legal action and asset freezing. He was arrested in San Juan, Puerto Rico, on December 26, 2022, and has remained in custody since then.
Additional Charges
The Commodity Futures Trading Commission (CFTC) levied two counts of market manipulation against Eisenberg, further complicating his legal situation.
Characterization by Mango Labs
A lawsuit filed by Mango Labs described Eisenberg as a “notorious online personality” known for attacking cryptocurrency platforms and manipulating markets.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
