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- Avraham “Avi” Eisenberg has been sentenced to 52 months in jail for possession of little one sexual abuse area topic
- He turn out to be beforehand convicted of wire fraud, commodities fraud, and market manipulation associated to a $110 million exploit of Mango Markets
- A federal judge is brooding about a retrial for the Mango Markets-associated costs as a outcome of factual challenges raised by Eisenberg’s defense
Avraham Eisenberg, identified for orchestrating a $110 million exploit of the decentralized finance platform Mango Markets, has been sentenced to four years and 4 months in jail for extra crimes. The sentence pertains to his 2024 guilty plea for possession of little one sexual abuse area topic, stumbled on all over his arrest. Whereas Eisenberg turn out to be moreover convicted of fraud and market manipulation in connection with the Mango Markets incident, the judge is deliberating on a potential retrial for these costs.
Unsavoury Subject cloth Found Real thru Investigation
On Might perhaps per chance per chance 1, 2025, Come to a choice Arun Subramanian sentenced Eisenberg to 52 months at FCI Otisville, a medium-safety facility in Modern York. The sentencing centered on Eisenberg’s possession of over 1,200 deliver images and movies of minors, some depicting infants and acts of sadistic violence. Prosecutors emphasized the severity of these offenses, advocating for a sentence between 6.5 and 8 years.
Eisenberg’s defense attributed his actions to a strict non secular upbringing and psychological trauma, asking for a three-twelve months sentence. The personality of these crimes could merely smartly form sure that Eisenberg experiences a less-than-aesthetic time in jail when put next with the monetary fraud that saw him arrested in the first location.
Mango Markets Exploit
In October 2022, Eisenberg manipulated Mango Markets’ native token, MNGO, by inflating its attach thru self-trading. This allowed him to stable $110 million in loans from the platform, which he didn’t intend to repay. Even though he returned roughly $67 million following a community governance vote, he retained over $40 million.
Eisenberg’s defense argued that his actions own been factual beneath the platform’s originate, invoking the “code-is-guidelines” precept. On the opposite hand, a jury found him guilty of wire fraud, commodities fraud, and market manipulation in April 2024. Eisenberg’s factual group has filed motions for a brand fresh trial or acquittal, stressful the jurisdiction and the classification of MNGO tokens as commodities.
Come to a choice Subramanian acknowledged a “non-zero chance” of granting a retrial for the Mango Markets-associated costs, however proceeded with sentencing for the little one exploitation costs, citing the need for overall deterrence. Upon launch, Eisenberg will endure five years of supervised launch, in conjunction with well-known installation of monitoring software program on digital devices and participation in a drug outpatient program.
