Avraham Eisenberg Convicted of Fraud in $110 Million Mango Markets Heist

Eisenberg faces up to 20 years in prison following a week-long trial in Manhattan.

Avraham Eisenberg was found guilty on charges of commodities fraud, commodities manipulation, and wire fraud.
The exploit involved artificially inflating the price of MNGO tokens on the Mango Markets platform, leading to a $110 million theft.
Eisenberg's defense claimed his actions were legal under the platform's rules, but the jury rejected these arguments.
Post-exploit, Eisenberg returned $67 million but retained $43 million after negotiations with Mango Markets' DAO.
Sentencing is scheduled for July 29, with Eisenberg potentially facing up to 20 years in federal prison.