{"id":9919,"date":"2023-11-05T17:02:55","date_gmt":"2023-11-05T17:02:55","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/trial-of-alleged-mango-markets-exploiter-avraham-eisenberg-postponed-heres-the-latest\/"},"modified":"2023-11-05T17:02:55","modified_gmt":"2023-11-05T17:02:55","slug":"trial-of-alleged-mango-markets-exploiter-avraham-eisenberg-postponed-heres-the-latest","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=9919","title":{"rendered":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#8217;s the Latest"},"content":{"rendered":"<div>\n<figure id=\"attachment_127256\" aria-describedby=\"caption-attachment-127256\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-127256\" class=\"wp-caption-text\">Image Source: Pixabay<\/figcaption><\/figure>\n<p>The trial of <strong>Avraham Eisenberg<\/strong>, the individual accused of exploiting <strong>Mango Markets<\/strong>, has been delayed per request by his lawyers.<\/p>\n<p>Initially scheduled for December 4, 2023, the trial has been rescheduled to April 8, 2024, according to <span data-preserver-spaces=\"true\">court documents<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p>Eisenberg\u2019s legal team requested the postponement after their client was unexpectedly transferred from a New Jersey prison to the Metropolitan Detention Center (MDC) in Brooklyn, where Sam Bankman-Fried has been held since his bail was revoked in August.<\/p>\n<p>Eisenberg\u2019s lawyers argued that they require additional time to prepare a defense due to the complex legal and factual issues surrounding the case, as well as the extensive volume of discovery provided by the government.<\/p>\n<p>Prosecutors opposed the motion, contending that Eisenberg committed the alleged offenses alone, on a single day, through a specific set of financial transactions.<\/p>\n<p>They further argued that the defense has had ample time to prepare for the trial.<\/p>\n<p>As <span data-preserver-spaces=\"true\">reported<\/span>, the charges against Eisenberg were brought by the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) in connection with his alleged $116 million exploit of Mango Markets.<\/p>\n<p>Eisenberg previously claimed that his actions were part of a highly profitable trading strategy and believed that they were legal and within the framework of the protocol, even if the consequences were not fully anticipated by the development team.<\/p>\n<p>If convicted of wire fraud, Eisenberg could face a maximum sentence of up to 20 years in prison.\n<\/p>\n<h2>Bankman-Fried Faces Decades in Prison<\/h2>\n<p>\nIn another high-profile crypto-related case, Sam Bankman-Fried, the convicted founder of <span data-preserver-spaces=\"true\">FTX<\/span>, faces the prospect of spending decades in a federal prison.<\/p>\n<p>Last week, a jury found Bankman-Fried guilty of all criminal counts against him after the crypto boss\u2019s monthlong trial wrapped up on Thursday.<\/p>\n<p>The FTX founder, convicted of seven counts of fraud, conspiracy, and money laundering, faces a maximum sentence of 115 years in prison.<\/p>\n<p>Meanwhile, <strong><span data-preserver-spaces=\"true\">Caroline Ellison<\/span><\/strong><span data-preserver-spaces=\"true\">, CEO of Alameda Research,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Gary Wang<\/span><\/strong><span data-preserver-spaces=\"true\">, co-founder of FTX, and\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Nishad Singh<\/span><\/strong><span data-preserver-spaces=\"true\">, FTX engineering chief, are likely to receive little to no prison time for their cooperation, according to\u00a0<\/span><span data-preserver-spaces=\"true\">legal experts<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p>All three admitted to participating in fraudulent activities under Bankman-Fried\u2019s direction, involving the transfer of billions of dollars in FTX customer funds to Alameda, a hedge fund mostly owned by Bankman-Fried.<\/p>\n<p>However, they may still face other consequences. The government could demand the return of ill-gotten gains and order restitution payments to victims.<\/p>\n<p>Given the government\u2019s claim that FTX customers suffered losses in the billions, the financial burden on the three witnesses could be substantial.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/trial-of-alleged-mango-markets-exploiter-avraham-eisenberg-postponed-heres-the-latest.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his&#8230;<\/p>\n","protected":false},"author":1,"featured_media":9920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-9919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#039;s the Latest | inFundPros<\/title>\n<meta name=\"description\" content=\"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=9919\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#039;s the Latest | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=9919\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-05T17:02:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699174642-courtroom-898931_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"964\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=9919#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=9919\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#8217;s the Latest\",\"datePublished\":\"2023-11-05T17:02:55+00:00\",\"dateModified\":\"2023-11-05T17:02:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=9919\"},\"wordCount\":461,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=9919#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=9919\",\"url\":\"https:\/\/infundpros.com\/?p=9919\",\"name\":\"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here's the Latest | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-05T17:02:55+00:00\",\"dateModified\":\"2023-11-05T17:02:55+00:00\",\"description\":\"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=9919#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=9919\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=9919#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#8217;s the Latest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here's the Latest | inFundPros","description":"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=9919","og_locale":"en_US","og_type":"article","og_title":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here's the Latest | inFundPros","og_description":"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.","og_url":"https:\/\/infundpros.com\/?p=9919","og_site_name":"inFundPros","article_published_time":"2023-11-05T17:02:55+00:00","og_image":[{"width":1280,"height":964,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699174642-courtroom-898931_1280.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=9919#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=9919"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#8217;s the Latest","datePublished":"2023-11-05T17:02:55+00:00","dateModified":"2023-11-05T17:02:55+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=9919"},"wordCount":461,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=9919#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=9919","url":"https:\/\/infundpros.com\/?p=9919","name":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here's the Latest | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-05T17:02:55+00:00","dateModified":"2023-11-05T17:02:55+00:00","description":"Image Source: Pixabay The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=9919#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=9919"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=9919#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed \u2013 Here&#8217;s the Latest"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9919"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9919\/revisions"}],"predecessor-version":[{"id":9921,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9919\/revisions\/9921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/9920"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}