Summary
Prosecutors are wrapping up their case against Eisenberg, alleging he manipulated token prices on multiple exchanges to inflate the value of his trades on Mango Markets, ultimately borrowing or withdrawing over $100 million from the exchange.
Key Points
1. Prosecutors have presented evidence showing Eisenberg’s alleged manipulation of MNGO token prices on various exchanges to inflate the value of his trading contracts on Mango Markets.
2. The expert witness called by prosecutors walked the jury through the process by which Eisenberg allegedly manipulated the prices of MNGO tokens on AscendX, FTX, and Serum.
3. Prosecutors claim that Eisenberg borrowed or withdrew over $100 million from the exchange after driving up the price of MNGO tokens, indicating a large-scale scheme to profit from his alleged manipulation of the market.