Trader convicted of Mango Markets fraud in first US crypto manipulation case | Reuters

A cryptocurrency trader was convicted of fraud on Thursday, after prosecutors accused him of stealing about $110 million by rigging the Mango Markets exchange.

Jurors in federal court in Manhattan found Avraham Eisenberg, 28, guilty of commodities fraud, commodities manipulation and wire fraud, in the U.S. Department of Justice’s first criminal case involving cryptocurrency market manipulation.

Eisenberg had argued that his trades were legal, and that he made no attempt to deceive anyone. The jury deliberated for less than a day.

Source: Trader convicted of Mango Markets fraud in first US crypto manipulation case | Reuters