Alleged Mango Markets exploiter waives bail during hearing in federal court By Cointelegraph

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Alleged Mango Markets exploiter waives bail during hearing in federal court

Published Feb 02, 2023 04:45PM ET Updated Feb 02, 2023 06:20PM ET

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Alleged Mango Markets exploiter waives bail during hearing in federal court

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.

According to accounts of social media users present on Feb. 2, Mango Markets user Avraham Eisenberg’s legal team waived his right to bail at a hearing in U.S. District Court for the Southern District of New York. Federal Judge Richard Betman, who will be presiding over the criminal case, has reportedly set a followup court date for Feb. 14, suggesting that Eisenberg may remain in detention until at least Valentine’s Day.

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