The U.S. Securities and Exchange Commission (SEC) declared a settlement with Solana-based DeFi platform Mango DAO and Blockworks Foundation for selling unregistered crypto assets known as “MNGO” tokens. This settlement also involved Mango Labs, which was accused of engaging in unregistered broker activities related to the sale of various cryptocurrencies
Mango Markets hacker Avraham Eisenberg, who had previously claimed responsibility for the scheme, was charged with fraud and market manipulation by the United States Securities and Exchange Commission (SEC) on Monday. The charges stem from his alleged actions on the Solana-based decentralized exchange (DEX) in October 2022. U.S. citizen and
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the United States District Court of Southern District of New York on Monday against the “Mango Markets exploiter” Avraham Eisenberg for indulging in illicit market manipulation. This is the first time CFTC will charge an illegitimate trader with
The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
