Avraham Eisenberg allegedly used separate accounts that he established on the exchange to sell and then purchase large volumes of MNGO, the exchange’s crypto token. The transactions had the effect of artificially inflating the price of MNGO relative to USDC, a crypto stablecoin pegged to the US Dollar. The price
Trader charged with market manipulation that brought down Mango Markets
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Criminal charges were filed against Avraham Eisenberg for alleged market manipulation that led to the decentralised finance exchange becoming insolvent.