Posted 4/9/2024, 4:52:00 PM
Trader's $110M DeFi Gamble Lands Him in Court Over Fraud Allegations
- Prosecutors allege Eisenberg committed fraud, stealing $110M from Mango Markets with fake crypto trades
- Defense says Eisenberg's $13M trade was a legitimate, high-risk bet in DeFi's volatile markets
- Trial will determine if commodities rules apply to Eisenberg's trade on decentralized Mango Markets
- Prosecution plans to use Eisenberg's chats, trades, travel records to prove he gamed markets
- Defense hints crypto's unclear rules legitimize Eisenberg's actions in risky DeFi landscape
