• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mango Markets Case: Eisenberg Awaits April 2024 Sentencing

user avatar

by Giorgi Kostiuk

a year ago

Avi Eisenberg, convicted of fraud and manipulation in the Mango Markets exploit, awaits sentencing in April 2024.

Sentencing Delay

In January, the Southern District of New York court postponed Avi Eisenberg's sentencing to April 2024. Originally scheduled for December 2023, the sentencing was then moved to February 2024, and postponed again. The delay was requested by Eisenberg's legal team due to the complexities of the case, with no objections from the prosecutor.

Mango Markets Case

In October 2022, Eisenberg executed a hack on Mango Markets, extracting over $100 million from the platform. Some of the funds were returned, but over $40 million was retained after a community governance vote. He was arrested in December 2022 and has been in custody for about two years.

Potential Consequences

If given the maximum sentence, Eisenberg could face up to 20 years in prison. Following sentencing, he may also face civil actions from the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Both cases were stayed in March 2023.

The fate of Avi Eisenberg and further legal repercussions will become clear after the sentencing in April 2024.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Brett Coin Gears Up for 2026 with Fun Narratives

chest

Brett Coin (BRETT) is trading at $0.011 with a market cap of $110 million in January 2026, reflecting a 15% increase in the last 24 hours. It emphasizes fun narratives and low-fee trades, benefiting from Base's Ethereum layer-2 efficiency and growing DeFi integrations.

user avatarLuis Flores

Bonk Coin Set for 2026 Growth with Community Focus

chest

Bonk Coin (BONK) is trading at $0.0000008 with a market cap of $550 million in January 2026, reflecting a 25% increase in the last 24 hours. Focused on community airdrops and burns, BONK integrates with DeFi and gaming, leveraging Solana's high throughput for seamless transactions.

user avatarMiguel Rodriguez

Bullzilla Coin Offers High-Reward Potential for Early Investors

chest

Bullzilla Coin (BZIL) is in its presale phase in January 2026, offering early investors maximum upside with a near-zero starting market cap, staking rewards of up to 70% APY, and deflationary token burns.

user avatarRajesh Kumar

Peanut the Squirrel Poised for 2026 Breakout

chest

Peanut the Squirrel (PNUT) is trading at $0.065 with a market cap of $65 million in January 2026, reflecting an 18% increase in the last 24 hours. The coin, born from a viral animal rescue story, has captured the attention of speculative traders, thanks to its whimsical narrative and rapid community growth.

user avatarGustavo Mendoza

India's National Budget Focuses on Economic Resilience Amid US Trade Tensions

chest

India's recent national budget aims to shield the economy from US trade tensions, providing support to exporters and increasing defense spending while maintaining fiscal discipline.

user avatarMaria Gutierrez

Vitalik Buterin Raises Security Concerns About Prediction Market Oracles

chest

Vitalik Buterin raises security concerns about prediction market oracles, emphasizing the need for improved security protocols to prevent financial implications from erroneous information.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.