Avraham “Avi” Eisenberg, the person convicted of fraud and market manipulation associated to an exploit of the Mango Markets decentralized change, might be sentenced on April 10.
In a Jan. 8 submitting within the US District Courtroom for the Southern District of New York (SDNY), Choose Arun Subramanian adjourned Eisenberg’s sentencing listening to to April 10 after a request from his legal professionals. He was initially scheduled to be sentenced in a Dec. 12 listening to, which was later postponed to Feb. 11 following an April 2024 conviction.
The Mango Markets exploiter’s authorized group requested a delay on Jan. 7 because of “the factual file of the case and the complexity of a few of the sentencing points.” The US prosecutor’s workplace didn’t object to the change.
Avi Eisenberg’s request to delay sentencing. Supply: Courtlistener
Eisenberg was liable for hacking Mango Markets by means of an exploit in October 2022, draining greater than $100 million from the platform. He returned roughly $67 million however retained greater than $40 million following a governance vote by the neighborhood. US authorities arrested Eisenberg in December 2022, and he has been in custody for roughly two years.
If sentenced to the utmost time serving consecutively, Eisenberg might face 20 years behind bars.
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Following his sentencing, Eisenberg might face civil enforcement actions from the US Securities and Change Fee and the Commodity Futures Buying and selling Fee. Each instances have been stayed in March 2023 and will resume after the conclusion of the felony case.
SDNY prosecutors have been liable for making an attempt instances towards many high-profile figures within the crypto trade, together with former FTX CEO Sam Bankman-Fried, Terraform Labs co-founder Do Kwon, and former Celsius CEO Alex Mashinsky. Kwon, who was not too long ago extradited to the US from Montenegro, is scheduled to go to trial in January 2026.
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