Last Updated on January 5, 2023 by Bitfinsider
Avraham Eisenberg, the owner of Mango Markets, was ordered detained by the United States District Court for the District of Puerto Rico.
Following a detention hearing, it was determined that “the defendant must be held until trial because the Government has proven: By a preponderance of evidence that no condition or combination of conditions of release can fairly insure the defendant’s attendance as required.”
Eisenberg’s possibly lengthy sentence if convicted, as well as his considerable links outside of the United States, were also highlighted as factors in the decision.
Eisenberg was arrested on December 28 for market manipulation and fraud charges related to the Mango Markets exploit, which he acknowledged to being at least partially responsible for. He stated it was a lawful conduct at the time since he followed the procedure exactly as it was written.
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