Thursday, October 10

Crypto Trader Avi Eisenberg’s $110M Fraud Trial Delayed Until April 2024

Crypto trader Avi Eisenberg will not stand trial till April 8, 2024, after the judge supervising the supposed Mango Markets exploiter’s case accepted a hold-up simply a month before the trial was set up to start.

Federal district attorneys declare Eisenberg dedicated products adjustment and wire scams when he released a “extremely rewarding trading method” versus the Solana-based decentralized crypto exchange Mango Markets in October 2022.

The trial is being generated the Southern District of New York, where simply today a group of attorneys protected the conviction of Sam Bankman-Fried in a quick-turnaround case that played out in less than a year.

Eisenberg’s trial schedule was moving almost as quickly up until late October, when the Bureau of Prisons moved him from a New Jersey federal prison to Brookyln’s more limiting Metropolitan Detention Center, hindering defense attorney’ efforts to get ready for his December 8 trial date, according to a filing.

His attorneys likewise asked for extra time due to the fact that of the “complex and unique legal and accurate concerns” at play. Eisenberg’s supposed plan included heady crypto-native principles that will make any prosecution– and defense– far thornier than Bankman-Fried’s reasonably plain-vanilla scams case.

The federal government begrudgingly accepted press the trial up until April 8, 2024, and the judge managing the case settled on Friday.

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