{"id":9935,"date":"2023-01-23T04:12:37","date_gmt":"2023-01-23T04:12:37","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=9935"},"modified":"2023-01-23T04:12:38","modified_gmt":"2023-01-23T04:12:38","slug":"us-authorities-charge-mango-markets-attacker-defendant-arrested-detained-in-puerto-rico","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9935","title":{"rendered":"US Authorities Charge Mango Markets Attacker \u2014 Defendant Arrested, Detained in Puerto Rico"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) <\/strong><strong>have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. <\/strong><strong>The defendant has been arrested and is currently detained in Puerto Rico.<\/strong><\/p>\n<h2>Mango Markets Manipulator Arrested, Detained<\/h2>\n<p>The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged Avraham Eisenberg with \u201corchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token.\u201d The regulator noted that the crypto token was offered and sold as a security.<\/p>\n<p>The defendant is a 27-year-old U.S. citizen who is facing \u201cparallel criminal and civil charges\u201d brought by the Department of Justice (DOJ) and the Commodities Futures Trading Commission (CFTC), respectively, the SEC added. The CFTC filed a civil enforcement action against Eisenberg on Jan. 9. He has been arrested and detained at MDC Guaynabo, Puerto Rico.<\/p>\n<p>The securities watchdog explained that beginning on Oct. 11, 2022, while living in Puerto Rico:<\/p>\n<p>Eisenberg engaged in a scheme to steal approximately $116 million worth of crypto assets from the Mango Markets platform.<\/p>\n<p>He allegedly \u201cused an account that he controlled on Mango Markets to sell a large amount of perpetual futures for MNGO tokens and used a separate account on Mango Markets to purchase those same perpetual futures,\u201d the regulator said.<\/p>\n<p>In addition, Eisenberg allegedly made a series of large purchases of the thinly traded MNGO token to artificially raise the token\u2019s price relative to USD Coin (USDC), the SEC continued, adding that the price of MNGO perpetual futures on Mango Markets subsequently increased. According to the securities regulator:<\/p>\n<p>Eisenberg used the increased value of his MNGO perpetual futures position to borrow and withdraw approximately $116 million worth of various crypto assets from Mango Markets, effectively draining all available assets from the Mango Markets platform.<\/p>\n<p>The SEC charged Eisenberg with \u201cviolating anti-fraud and market manipulation provisions of the securities laws.\u201d The regulator is seeking \u201cpermanent injunctive relief, a conduct-based injunction, disgorgement with prejudgment interest, and civil penalties.\u201d<\/p>\n<p>Tags in this story<\/p>\n<p>CFTC Mango Markets, DOJ Mango Markets, Mango Markets, Mango Markets attacker, Mango Markets attacker arrested, Mango Markets exploiter, Mango Markets hacker, Mango Markets manipulator, Mango Markets manipulator arrested, SEC, SEC Mango Markets<\/p>\n<p><em><strong>What do you think about this case? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/us-authorities-charge-mango-markets-attacker-defendant-arrested-detained-in-puerto-rico\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico. Mango Markets Manipulator Arrested, Detained The U.S. Securities and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-9935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9935"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9935\/revisions"}],"predecessor-version":[{"id":9937,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9935\/revisions\/9937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9936"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}