The decentralized exchange was found to be offering illegal securities Mango Markets, a Solana-based decentralized exchange, has announced it will shut down operations following a prolonged legal battle with the US Securities and Exchange Commission (SEC). Users have been advised to close their positions, with governance-approved changes to the platform set to take effect soon,
Avraham Eisenberg was accused of wire fraud, commodities fraud, and commodities manipulation Avraham “Avi” Eisenberg has been found guilty of fraud and market manipulation charges. Eisenberg was responsible for exploiting the Mango Markets decentralized exchange and making off with $110 million. Jurors spent long hours deliberating before the US District Court for the Southern District of New York delivered the guilty
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