The United States accuse a fraud crypto dealer in the Mango Market case

US prosecutors have filed a criminal complaint against a cryptocurrency dealer who is accused of stealing more than $ 100 million from the Mango Markets Exchange, while the authorities strengthen their resignation against the markets for digital assets.

In late Tuesday, the authorities of the southern district of New York announced that they raised charges for goods fraud and manipulation of goods against Avraham Eisenberg because he had supposedly contributed to artificially bloating the futures prices associated with mangoes in October.

According to a separate court file by the US lawyer Damian Williams, Eisenberg was arrested in Puerto Rico on December 26th.

The charges round off an unprecedented controversy for the cryptoma markets for a year. The drop in price popular token like Bitcoin has wiped more than $ 2 trillion in value from the market and drove many big names into bankruptcy. In November the industry was shaken to the Mark when FTX-a former known crypto brand-went bankrupt. The best employees of Sam Bankman-Fried are guilty in the USA.

Eisenberg's allegations are a step forward of the US authorities in the world of decentralized finances in which networks have no central decision-making authority. Instead, many networks rely on a consensus among members and automate the rules of the network in computer code.

In October, Mango, a decentralized marketplace, announced that it had been hacked for more than $ 100 million and the incident had used up his entire equity.

The US authorities claimed that Eisenberg used two accounts at Mango to artificially inflate the price of mango perpetual swaps, a kind of appointment contract. In about 20 minutes, Eisenberg raised the MNGO Perpetuals price by 1,300 percent, the complaint said. Eisenberg did not react immediately to a request for comment.

"Since Mango Markets enables investors to borrow and lift cryptocurrency based on the value of their assets on the platform, Eisenberg enabled the value increase of the MNGO Perpetuals, Eisenberg, various cryptocurrencies worth around $ 110 million. Racz, an agent of the Federal Bureau of Investigation, in the file.

Shortly after the incident Eisenberg wrote that he was involved in a team "High -profitable trade strategy" followed. He added that he believed that "all of our actions are legal open market campaigns, whereby the protocol is used as designed, even if the development team has not foreseen all the consequences of setting the parameters as they are".

Eisenberg also said that he had negotiated an agreement with mangoes insurance funds to support the reimbursement of the users and recapitulate the exchange. In return, Mango received $ 67 million, claimed US prosecutors.

racz claimed that Eisenberg flew from the USA to Israel the day after trading. "Based on the time of the flight, the trip seems to have been an attempt to avoid an arrest by the law enforcement authorities immediately according to the market manipulation program," he said.