The US Securities and Exchange Commission sued Avraham Eisenberg, alleging he orchestrated an attack on the crypto trading platform Mango Markets that allowed him to steal $116 million in digital assets.
“As we allege, Eisenberg engaged in a manipulative and deceptive scheme to artificially inflate the price of the MNGO token, which was purchased and sold as a crypto asset security, in order to borrow and then withdraw nearly all available assets from Mango Markets, which left the platform at a deficit when the security price returned to its pre-manipulation level,” David Hirsch, chief of the SEC’s Crypto Assets and Cyber Unit, said in an statement Friday.
