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08 January, 2025

Mango Markets Exploiter’s Sentencing Delayed Until April 10th

08 January, 2025

The sentencing of Avi Eisenberg, convicted of orchestrating a sophisticated attack on the Mango Markets decentralized exchange, has been postponed. Originally scheduled for an earlier date, the court has now set April 10th as the new sentencing hearing. Eisenberg faces up to 20 years in prison following his April 2024 conviction on charges of fraud and market manipulation. The delay adds another layer of uncertainty to this high-profile case, leaving the cryptocurrency community in suspense. This postponement is likely to fuel ongoing discussions about the legal framework surrounding DeFi exploits and the challenges of prosecuting complex financial crimes in the decentralized space. Experts anticipate a significant legal precedent to be set by the final sentencing, influencing future cases and the overall development of DeFi security measures.