Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
See all Stories
R
If you think about it, bank robbery could be described as a “highly profitable trading strategy.”
Reuters reports that authorities in Puerto Rico have arrested Avraham Eisenberg for the October incident referenced in his tweet below.
By his own admission, he used a cryptocurrency protocol for the MNGO token in a way that flattened the Mango Markets exchange, draining $110 million before negotiating the return of $67 million to Mango to make its users whole.
While some might say this is legal because “code is law,” the FBI apparently disagrees. Eisenberg faces charges of commodities fraud and commodities manipulation, which you can read in the now-unsealed complaint (pdf).
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
