Avraham Eisenberg, the individual accused of orchestrating a massive theft of approximately $116 million from the decentralized exchange Mango Markets, is set to face trial in the United States on December 4.
The trial date was established by Judge Richard Berman of the U.S. District Court for the Southern District of New York, as indicated by court records filed on June 14.
Eisenberg stands accused of executing a significant exploit on Mango Markets in October 2022, resulting in the pilfering of governance tokens MNGO, USD Coin (USDc), and Marinade Staked SOL (mSOL).
He has pleaded not guilty to three criminal charges, including commodities fraud, commodity manipulation, and wire fraud, all connected to the Mango Markets exploit.
In October 2022, the platform reported that Eisenberg had returned around $67 million of the funds. At the time, he claimed that his actions were legal and part of a “highly profitable trading strategy.”
Both the U.S. Attorney’s Office and Eisenberg’s defense team have until June 22 to present pretrial motions concerning the trial schedule.
Additionally, Eisenberg faces separate civil lawsuits filed in January by the Commodity Futures Trading Commission, Securities and Exchange Commission, and Mango Markets.
Since his arrest in Puerto Rico in December 2022 and subsequent transfer to Oklahoma, the alleged Mango Markets exploiter has remained largely silent on his Twitter account.
Following a hearing in February, during which he waived his right to bail, he has been primarily held in U.S. custody.
The upcoming trial will determine the outcome of the criminal charges brought against Eisenberg.
It will shed further light on the allegations surrounding the Mango Markets exploit and provide an opportunity for the legal system to assess the evidence and arguments presented by both sides.
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