Thursday, May 16, 2024
Thursday, May 16, 2024
HomeNewsOther NewsCrypto Trader Charged With Scams in $110 Million Alleged Mango Markets Rip-off

Crypto Trader Charged With Scams in $110 Million Alleged Mango Markets Rip-off

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A cryptocurrency trader implicated of rigging the Mango Markets exchange and trying to take $110 million was jailed in Puerto Rico and charged with scams by district attorneys in New york city.

Avraham Eisenberg supposedly utilized 2 Mango Markets accounts he managed to control the cost of Mango continuous swaps, which are futures that enable traders to keep positions open. All he required was 20 minutes to rise the cost of the swaps by 1,300%, according to a criminal problem unsealed Tuesday.

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