Avraham Eisenberg, known for orchestrating the 2022 Mango Markets exploit, has been handed a 52-month prison sentence—but not for his crypto-related activities.
The punishment stems from a separate case involving child sexual abuse material, with sentencing finalized on May 1 in a New York federal court.
While this verdict concludes one legal battle, another looms. Eisenberg still awaits sentencing for the high-profile crypto hack, which saw Mango Markets drained of $100 million after a price manipulation scheme.
Though both cases were expected to be addressed together, only the child exploitation charges have reached resolution.
In the crypto case, Eisenberg argued that his actions were legal market tactics, not criminal behavior. Nonetheless, a jury convicted him in April 2024 of wire fraud and market manipulation.
Authorities dismissed his defense, citing extensive evidence. His legal team pushed for an acquittal months later, but prosecutors stood firm.
Mango’s collapse was swift: its token plunged, deposits were frozen, and user losses mounted. The case became a cautionary tale as regulators ramped up efforts to rein in financial exploits in decentralized systems.
Authorities in Beijing’s Haidian District have dismantled a sophisticated crypto laundering network involving former employees of Kuaishou, one of China’s top short-form video platforms.
WOO X, a popular cryptocurrency trading platform, has been hit by a serious security breach.
The first half of 2025 has already become the most damaging period in Web3 security history, according to Hacken’s newly released Half-Year Security Report.
The U.S. Department of Justice has officially ended its investigation into Kraken co-founder Jesse Powell, according to a Fortune report.