Avi Eisenberg, a cryptocurrency trader, could provide testimony in court during his trial on charges of commodities fraud and manipulation, according to his legal team.
They have yet to make a final decision on the matter as the government’s case nears its conclusion.
A 28-year-old crypto trader could be looking at up to 20 years in prison if found guilty by the jury on all three charges related to his trades on Mango Markets in October 2022, resulting in $110 million worth of cryptocurrencies. The authorities argue that this trade was an ill-gotten gain from market manipulation, but the defense insists it was a legitimate trading technique.
In the opening argument of the case against DeFi Trader Eisenberg, the prosecution stated that: Instead of borrowing as he claimed, Eisenberg was actually stealing, according to the prosecutor.
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2024-04-11 22:35