Avraham Eisenberg, the individual accused of orchestrating a significant exploit of decentralized exchange Mango Markets, is now facing both civil lawsuits and criminal charges in the United States. The U.S. Commodity Futures Trading Commission, Securities and Exchange Commission, and Mango Markets have filed civil suits against Eisenberg, while the Department of Justice (DOJ) has brought criminal charges against him.
A trial date has been set for December 4th in the U.S. District Court for the Southern District of New York. Judge Richard Berman made this decision based on court records submitted on June 14th. The charges against Eisenberg stem from his alleged involvement in the Mango Markets exploit, which took place in October 2022. During the exploit, approximately $116 million worth of governance token MNGO, USD Coin, and Marinade Staked SOL were stolen.
Eisenberg has pleaded not guilty to three criminal counts, including commodities fraud, commodity manipulation, and wire fraud, all related to the Mango Markets exploit. Following the incident, the platform reported that Eisenberg had returned around $67 million of the stolen funds. At the time, Eisenberg claimed that his actions were legal and part of a "highly profitable trading strategy."
The U.S. Attorney's Office and Eisenberg's defense team have until June 22nd to submit pretrial motions regarding the trial schedule. Apart from the criminal charges, Eisenberg is also facing civil suits brought by the Commodity Futures Trading Commission, Securities and Exchange Commission, and Mango Markets. These separate legal actions will proceed alongside the criminal case.
Since his arrest in Puerto Rico in December 2022 and subsequent transfer to Oklahoma, Eisenberg has not made any posts on his Twitter account. Following a hearing in February, during which he waived his right to bail, he has predominantly remained in U.S. custody awaiting trial.
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