Cryptocurrencies
CFTC Sues Trader Over Alleged $114 Million Mango Markets Crypto Swaps Scam
- Commodity Futures Trading Commission sues Avraham Eisenberg
- Eisenberg is already in custody over the Mango Markets exploit
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The US Commodity Futures Trading Commission filed a lawsuit against crypto trader Avraham Eisenberg for allegedly manipulating the price of swaps contracts as part of a scam to steal $114 million.
Eisenberg perpetrated a “a manipulative and deceptive scheme” in October to inflate the price of swaps offered by decentralized digital-asset exchange Mango Markets, culminating in the misappropriation of the funds, the regulator said in a complaint Monday.