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A criminal case against a cryptocurrency user allegedly behind the multimillion-dollar operation of decentralized exchange Mango Markets will move ahead in the United States, with a trial set for Dec. 4.
According to court records filed on June 14, Judge Richard Berman of the U.S. District Court for the Southern District of New York set a trial date for Abraham Eisenberg for December 4. Eisenberg was allegedly responsible for the massive Mango Markets exploit in October 2022, resulting in the theft of approximately $116 million in MNGO’s governance token, USD Coin (USDC) and Marinade Staked SOL (mSOL).
Eisenberg pleaded not guilty to three criminal charges of goods fraud, goods manipulation, and wire fraud related to the Mango Markets exploit. In October 2022, the platform reported that he had returned about $67 million in funds, with the cryptocurrency user claiming that his actions were legal as part of a “highly profitable trading strategy.”
Related: Mango Markets sues Abraham Eisenberg for $47 million in damages plus interest
U.S. attorneys and Eisenberg’s defense team have until June 22 to submit pre-trial motions regarding the schedule. He also faced separate civil lawsuits filed in January by the Commodity Futures Trading Commission, the Securities and Exchange Commission and Mango Markets.
The alleged exploiter of Mango Markets has not posted on his Twitter account since authorities arrested him in Puerto Rico in December 2022 and transferred him to Oklahoma. He has mostly been held in US custody since a February hearing in which he waived his right to bail.