Key Points:
Commodity Futures Trading Commission (CFTC) commissioner Kristin Johnson mentioned the simultaneous probe by the SEC in a statement released on Monday.
As Coincu reported, the CFTC filed its charges against Eisenberg, accusing him of a rogue past, price manipulation, and price hype on Mango Markets.
A manipulative or misleading method was allegedly used by Eisenberg to influence the price of the MNGO token through swaps, and he also engaged in manipulation of a swap for his part in abusing Mango Markets in October, according to the lawsuit.
After Eisenberg used numerous accounts to buy, sell, and hedge the price of the MNGO token, more than $100 million in cryptocurrency was stolen from the decentralized market.
The Department of Justice brought criminal charges against Eisenberg last month, and he is currently in detention. He acknowledged taking the lion’s share of Mango Markets’ funds but maintained that his trading tactics were legitimate and followed the protocol’s instructions.
Eisenberg is likely to keep breaking the law unless he is restricted and given a prohibition on doing specific things, according to the regulator. The regulator seeks, among other things, to enforce a trading restriction, collect different fines and penalties, and bring Eisenberg into compliance with the law.
On December 27, Eisenberg was detained after the Southern District of New York (SDNY) filed a number of allegations against him.
On January 5, the case moved forward when a judge ordered Eisenberg’s arrest due to worries that he could try to leave before the hearing was over. When Eisenberg’s case is over is currently unknown.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
KuCoin resumes operations in India after paying a $41,000 penalty, while Binance registration in India…
Telegram trading bots represent a growing trend in cryptocurrency trading, offering both publicly and privately…
Notable contenders leading the charge in Ethereum ETF applications include VanEck, BlackRock, and ARK Invest,…
Nyan Heroes Airdrop has become a trending topic, hailed as the hottest AAA shooter game…
Slow Mist founder exposes TON phishing messages, which users tricked into believing they receive cheap…
Sui's zkLogin introduces multi-signature recovery and Apple account support, enhancing user options and account recovery…
This website uses cookies.