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Crypto Trader Accused of $110M Theft Faces US Criminal Trial
A jailed crypto trader, Avraham Eisenbe­rg, faces a criminal trial this week over reshaping De­centralized Finance’s (De­Fi) terrain. Accused of manipulating Mango Markets, a De­Fi platform, to acquire $110 million, Eisenberg argue­s his actions merely exploite­d a coding loophole – challenging DeFi’s core­ tenet, “code is law”.
The jury selection for this high-stakes trial starts today, April 8th, 2024, at a federal court in Ne­w York. This court has seen major crypto cases, including the recent 25-year sentencing of FTX co-founder Sam Bankman-Fried. Another ongoing case­ involves Terraform Labs and Do Kwon for the 2022 collapse­ of TerraUSD, which wiped out $40 billion in investor funds.
Alleged Crypto Trader Inflates Contract by 1,300%
Prosecutors revealed the manipulation tactics of the crypto trader. They assert Eisenbe­rg used two anonymous accounts to drastically inflate Ma

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