Judge Tosses Wire Fraud Charges Against Mango Markets Exploiter Avi Eisenberg

A federal judge has dismissed wire fraud charges against Avi Eisenberg, the investor who notoriously manipulated the decentralized exchange Mango Markets in a 2022 exploit that shook the crypto world.#MangoMarkets

Eisenberg gained attention after he executed a series of massive trades that artificially inflated the price of Mango’s governance token (MNGO) by over 1,000% in just 20 minutes. $BTC

Using the inflated value as collateral, he was able to borrow and withdraw approximately $110 million in crypto assets from the protocols. $BTC