US Federal Prosecutors asked a district judge to judge Avraham “Avi” Eisenberg, the Crypto user who was convicted of $ 110 million exploitation of the decentralized exchange of mango markets in 2022, up to six and a half years behind the bars.
Leading May 1’s hearing of Eisenberg, US prosecutors have petitioned US District Judge Arun Subramanian for Eisenberg to face between 78 and 97 months in prison, According to on an April 22th filing with a New York district court.
Prosecutors argue that this is an appropriate sentence for Eisenberg’s beliefs in April 2024 For doing wire fraud, manipulation of commodity and manipulation of commodity related to Exploits mango markets And separate charges he has a child pornography.
“This sentence is necessary so that, among other things, appropriately reflects the gravity of the defendant’s crimes, promotes respect for the law, hinder the defendant from future criminal activity, and protect the public,” the prosecutors said.
“Fraud that takes $ 100 million from investors and effectively overthrowing a business is a surprising violation of criminal law, and it requires a sentence consistent with crime.”
Mango market announced on January 11 that it was circular operation. It was first launched on August 2021. A subsequent posting of January 18 at X Given A PEB’s date. 3 for shutdown.
In his April 2024 trial, Eisenberg’s legal team claimed that he was driving a legal trading strategy that saw him earn $ 110 million from mango markets.
He returned nearly $ 67 million of funds after exploitation, but maintained more than $ 40 million following a vote on community management.
Mango markets expect for restoration
In a statement of the impact of April 22 filed by lawyers acting for mango markets, the exchange Question That, in the light of Eisenberg’s conviction, the court provides $ 47 million payments to do everything, “including mango Dao, whole.”
“Although Eisenberg’s attacks cannot be done, the return of funds he missed -approved is critical to avoiding his wrongdoing,” Mango Markets said.
Related: Mango Market Heist like a fake diamond ring scam: prosecutor
“No amount of money will repair the damage caused by Eisenberg to the mango reputation of the market and the suffering of his Avarice caused, but will return the money, Eisenberg has made the least help.”
Authorities arrested Eisenberg in December 2022. After his convincing, his conclusion was postponed several times.
At first, it was scheduled for December 12, 2024, but it was later delayed on Feb. 11, 2025, and April 10, 2025. Eisenberg’s legal team said the complexity of the issuing issues has led to delays.
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