PANews, January 10, CoinDesk reported that the U.S. Commodity Futures Trading Commission (CFTC) filed market manipulation charges against Mango Markets attacker Avraham Eisenberg in a lawsuit on Monday. The CFTC charged Eisenberg with violating federal commodities laws by using "manipulative or deceptive means" to manipulate the price of the MNGO token through Swap trading and engaging in "Swap manipulation" in October when using Mango Markets, which was used by a trader Over $100 million in cryptocurrency was stolen from the decentralized exchange after multiple accounts bought, sold, and hedged the price of the MNGO token. Eisenberg later said he was part of a group "employing highly profitable trading strategies" and would return some of the funds to Mango. In a later tweet, he said he believed his actions were legal. About two months later, the U.S. Department of Justice arrested him on charges of market manipulation.
Like the U.S. Department of Justice, the Commodity Futures Trading Commission also pointed to Eisenberg's public statements, saying he "admitted his scheme" on a Discord server before exploiting the vulnerability and in tweets after the funds ran out. "Contrary to his belief that his actions were legal, they in fact constituted blatant manipulation of spot prices and Swap," the CFTC said.
Earlier on December 28 last year, it was reported that Eisenberg was arrested in Puerto Rico, and the US prosecutors accused him of commodity fraud and market manipulation; on January 5 this year, the court ruled that Eisenberg should be detained pending trial and could not be released on bail.
