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Conviction secured in groundbreaking prosecution for manipulating Mango Markets

The Justice Department building in Washington, DC.
Photo: Kevin Dietsch/Getty Images

First-ever cryptocurrency market manipulation case as DOJ seals conviction for theft of over $100m in digital assets from the crypto exchange.

Avraham Eisenberg, 28, has been convicted on charges brought by the Department of Justice (DOJ) related to manipulation of assets on the Mango Markets decentralized cryptocurrency exchange. A federal jury in New York convicted him on grounds of commodities fraud, commodities market manipulation, and wire fraud.

According to the court documents,