"Avi Eisenberg Convicted in $110 Million Crypto Market Manipulation Case"
Avi Eisenberg has been found guilty of fraud and market manipulation for his $110 million heist from decentralized finance protocol Mango Markets in October 2022. He faces up to 20 years in federal prison and will be sentenced on July 29. The prosecution argued that Eisenberg's actions constituted "brazen" fraud and manipulation, while his defense claimed his trades were legal. Eisenberg is the latest crypto figure to be convicted of fraud, following recent cases involving FTX founder Sam Bankman-Fried and Terraform Labs co-founder Do Kwon.