NEW YORK, NY — Mango Market Exploit Avraham “Avi” Eisenberg was sentenced to 52 months on Thursday after stealing $110 million from a decentralized financial protocol that was now decommissioned in 2022.
The verdict comes a year after New York ju-deals were found guilty of wire fraud, merchandise fraud and mango market stunts, and a year after they separately admitted to possessing child sex abuse material (CSAM) after their arrest.
The defense attorney moves to either a new trial or acquittal of mango market-related claims last year, claiming that the Department of Justice pursued the case at the wrong venue (the Southern District of New York), and that the government has not properly proven that the MNGO’s permanent entities were “swap” and that eisenberg is “swap” aimed at protecting Mngo’s prejudice.
During a hearing in Manhattan on Thursday, Judge Arun Subramanian said he would sentence Eisenberg to prison in a prison for more than four years at FCI Otisville, a medium security facility that is about two hours drive from Manhattan, but said there was a “non-zero chance” to “accept the move” and “any move” related to charging related to the mango market.
Regardless, the judge said that most of the sentences are related to CSAM’s charges.
“I think that in this particular area, the general deterrent has more weight… The only way to stop the tide of distribution of this material is to say that he has been sentenced to prison before reading the statements of the three witnesses.
The judge also acknowledged Eisenberg’s efforts to better understand the impact of his crimes, but said prisons were still needed. Eisenberg will be sentenced to five years of probation under strict rules after being released from prison, but the judge said, he will have to install surveillance software on all electronic devices and go through a drug outpatient program.
Presence filing
In filing the court’s decision, prosecutors called on Eisenberg to serve in prison for 6.5 to 8 years, highlighting the seriousness of his crime. Eisenberg argues that crypto trading behavior in the mango market “compliant” with protocols and therefore did not break the law (an argument that the ju judge clearly did not purchase), but prosecutors say Eisenberg was well aware that what he was doing was a crime. Before selling the robbery, his mango filed a lawsuit against someone else for crypto-related market manipulation and fled the country for Israel once his identity as an attacker was announced.
I think all of our actions were legitimate open market actions, using a designed protocol, even if the development team had not fully predicted all the outcomes of setting parameters.
– Avraham Eisenberg (@avi_eisen) October 15, 2022
Prosecutors also detailed Eisenberg’s material accusations of child sexual abuse, informing the judge that between 2017 and 2022, he downloaded sexually promoting images and videos of 1,274 children, including infants and two-month-old toddlers, and downloaded “depicting sadistic violence and masochism against children.”
In filing their own sentence to court, Eisenberg and his lawyers attempted to blame his strict religious upbringing and his crimes that “struggling to comply with social norms” throughout his life, calling him a “fundamental decent person,” detailing his challenges in adapting to the “day horrors” of prison.
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