EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Saudi Arabias Civil Defense Ministry announced that the alert for the Riyadh and Khairji areas has been lifted.Saudi Arabias civil defense has issued a warning of potential dangers in the Khairji region.Saudi Arabias civil defense has issued a warning about potential dangers in the Saudi capital, Riyadh.September 19th - According to the China State Railway Group Co., Ltd., from January to August, the national railway system transported 3.32 billion passengers, a year-on-year increase of 3.9%, setting a new record for the same period. The national railway transportation remained safe, stable, and orderly. Since the beginning of this year, the railway department has coordinated high-speed and conventional railway resources, with an average of 11,508 passenger trains operating daily nationwide, a year-on-year increase of 5.0%. Regarding cross-border passenger transport, the Guangzhou-Shenzhen-Hong Kong High-Speed Railway transported 23.408 million cross-border passengers, a year-on-year increase of 10.7%, while the China-Laos Railway transported 245,000 cross-border passengers, a year-on-year increase of 39.1%.On September 19, it was learned from the Beijing Municipal Administration for Market Regulation that, in accordance with the work deployment of the State Administration for Market Regulation and the results of preliminary investigations, and based on the provisions of the Anti-Unfair Competition Law of the Peoples Republic of China and the E-commerce Law of the Peoples Republic of China, the Beijing Municipal Administration for Market Regulation has initiated investigations into Hangzhou Taomei Aviation Service Co., Ltd., Tongcheng Network Technology Co., Ltd., Tujia Online Information Technology (Tianjin) Co., Ltd., and Beijing Sankuai Information Technology Co., Ltd. for suspected illegal activities.

U.S. charges accused Mango crypto manipulator with fraud

Skylar Shaw

Dec 28, 2022 14:24

微信截图_20221228095621.png


Avraham Eisenberg allegedly used trading in futures connected to Mango's cryptocurrency token MNGO to extract $110 million in cryptocurrencies from other investors' accounts with no apparent plan to pay back the money, according to a lawsuit made public on Tuesday in Manhattan federal court.


Eisenberg could not be contacted right away for comment, and it is unknown whether he is represented by counsel.


Mango is a decentralized cryptocurrency exchange hosted by Mango DAO that enables investors to trade bitcoin assets using leverage, lending, borrowing, swapping, and swapping.


According to the complaint filed on December 23 and authored by FBI Special Agent Brandon Racz, Eisenberg utilized two accounts simultaneously on October 11 to acquire and sell futures based on the relative prices of MNGO and the stablecoin USD Coin (USDC).


According to the accusation, Eisenberg fraudulently inflated the value of MNGO in relation to USDC by acting on both sides of the transaction, enabling him to borrow and then withdraw $110 million in various cryptocurrencies.


Soon after starting talks with Eisenberg, Mango came to a $67 million settlement.


A forum post at the time said that "all mango depositors will be made whole," and that token owners who support the settlement promise not to "pursue any criminal investigations or freezing of monies after the tokens are handed back."


According to the lawsuit, Eisenberg assumed ownership of the trade and tweeted on October 15 that "the exchange this took occurred on, Mango Markets, fell bankrupt."


The developer team may not have completely anticipated all the effects of setting parameters the way they are, but I think all of our activities were lawful open market actions utilizing the protocol as intended, he said in another tweet.


Mango couldn't be contacted right away for comment. Requests for comment from the Manhattan office of U.S. Attorney Damian Williams were not immediately fulfilled.


Eisenberg is the defendant in U.S. v. Eisenberg, case number 22-mj-10337 in the Southern District of New York.

Suggestion