1st ever market manipulation conviction in cryptocurrency:
Avraham Eisenberg was found guilty by a jury on all three charges of fraud and market manipulation in a $110 million scheme on the Mango Markets platform.
Eisenberg engaged in trades that artificially inflated the value of Mango Markets' native token, MNGO
This was the first conviction for market manipulation in the crypto arena.
Eisenberg now faces up to 20 years in prison.
FULL ARTICLE: https://www.investopedia.com/cryptocurrency-market-news-transaction-fees-spike-bitcoin-halving-8636756