Lawyers representing Avraham Eisenberg, the individual accused of exploiting Mango Markets for $116 million, have successfully convinced a judge to postpone his fraud trial until April 8, 2023. The trial was originally scheduled to begin on December 4, but Eisenberg’s legal team argued that various circumstances had hindered their trial preparations. Despite confessing his involvement in the Mango Markets exploit, Eisenberg pleaded not guilty to three criminal counts. His attorneys stated that they needed more time to analyze the voluminous discovery materials provided by U.S. prosecutors. Additionally, they cited the unexpected transfer of Eisenberg to the Metropolitan Detention Center as a factor that limited their access to him. The judge granted the motion for continuance, much to the opposition of U.S. prosecutors. Eisenberg’s lawyers and the prosecutors were ordered to submit a revised schedule for pretrial motions and submissions. The Securities and Exchange Commission has also charged Eisenberg, alleging that he manipulated the Mango Markets governance token and drained the company’s treasury. Eisenberg’s arrest in Puerto Rico preceded these charges.

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Information	Details
Geography	Middle East
Countries	🇵🇷 🇺🇸
Sentiment	negative
Relevance Score	1
People	Sam Bankman-Fried, Avraham Eisenberg
Companies	FTX, Metropolitan Detention Center (MDC), Mango Markets, District Court, Securities and Exchange Commission (SEC)
Currencies	US Dollar, Mango
Securities	None