The accused profited from a crypto trade that netted him over $100 million.
Prosecutors presented very strong arguments that the defendant had a good idea he was committing a crime over a year ago, when he managed toIn a fraud case, the government has to not only show that the defendant committed a crime, but that they werewhere he was able to withdraw all the capital on Solana-based Mango Markets on October 11, 2022, using a derivate of the mango token as collateral.
After inflating the token with strategic purchases on various exchanges, he used the inflated value of a MNGO derivative as collateral to borrow all the available deposits on the platform, over $100 million worth.The government called FBI Special Agent Taylor LaGrange as its final witness. LaGrange went through documents that suggested the defendant suspected he was crossing a legal line.
The agent had reviewed a bunch of documents that the government wanted to enter into evidence. She was not a part of the larger investigation into Eisenberg.Eisenberg brought against Numeris, Ltd, in which he objected to a trade on the Waves blockchain. There, the defendants allegedly inflated the value of the WAVES coin, and then used that to borrow and walk away with a bunch of stablecoins.
In that chat, he lists pros and cons of attempting it against balancer of mango , the token at question in his case.They also produced evidence of extensive searches by Eisenberg on his phone and on his computer for topics like market manipulation, when market manipulation becomes a crime, security at airports and extradition rules from Israel .The defense also showed that Mango Markets notified users of its platform ultimately faced the risk of this kind of loss.
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