CFTC Charges Avraham Eisenberg with $110M Manipulation Attack on Mango Markets

• The CFTC has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.
• The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement.
• The complaint filed on Monday alleges that Eisenberg misappropriated over $100 million from the Mango Markets platform by engaging in a manipulative and deceptive scheme to inflate the price of swaps on the platform.

The Commodities and Futures Trading Commission (CFTC) has recently announced that it has taken legal action against Avraham Eisenberg for his attack on the Mango Markets platform. The CFTC is seeking a range of penalties and relief from Eisenberg, who is accused of misappropriating over $110 million from the platform.

The attack took place in October and according to the complaint filed by the CFTC, Eisenberg engaged in a manipulative and deceptive scheme to inflate the prices of swaps on the platform. Eisenberg allegedly exploited certain features of the Mango Markets platform to his advantage and managed to misappropriate over $100 million from the platform. The CFTC believes that Eisenberg’s actions violated federal commodities laws and is now seeking various forms of penalties and relief from him. These include trading bans, restitution, and disgorgement.

The CFTC is not buying Eisenberg’s argument that his attack on Mango Markets was a legal act and has taken strong action against him. The commission has noted that a successful prosecution of Eisenberg will serve as a warning to other malicious actors that such actions will not be tolerated. The CFTC is also hoping that this action will help to protect customers of Mango Markets and other similar platforms from similar attacks in the future.

The CFTC has urged customers affected by the attack to come forward and provide information that could help in the investigation. The commission has also asked members of the public to report any suspicious activities that could be related to the attack.

The CFTC is committed to ensuring that the markets remain fair and transparent for all participants. The recent action taken against Eisenberg is a testament to that commitment and should serve as a warning to all malicious actors that such activities will not be tolerated.