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Crypto trader Avi Eisenberg is currently facing a pivotal moment as 12 New York jurors deliberate on his alleged involvement in a $110 million trading scheme on Mango Markets back in October 2022. The decision these jurors make will determine whether Eisenberg’s actions were legitimate trades or fraudulent activities.

During the recent court proceedings in New York, the prosecution presented its closing arguments against Eisenberg, who was apprehended in Puerto Rico in December 2022. He is facing charges of commodities fraud, commodities manipulation, and wire fraud related to his transactions on Mango Markets.

Throughout the trial, Eisenberg, aged 28, appeared in court wearing a dark gray suit, with his mother and other family members present in the gallery. Despite initial suggestions that Eisenberg might testify, his defense ultimately chose not to call him to the stand.

The defense’s strategy heavily relied on the testimony of Jeremy Sheridan, a former Secret Service agent now working as a crypto investigations consultant. Sheridan provided insights into the trading mechanisms employed by Eisenberg and the complexities surrounding the interpretation of his borrowing activities within Mango Markets’ codebase.

This high-profile case has garnered significant attention within the crypto trading community, with many closely following the developments as the jury deliberates on Eisenberg’s potential guilt or innocence.

The outcome of this trial could have far-reaching implications for the regulatory landscape of cryptocurrency trading and serve as a precedent for future cases involving alleged market manipulation and fraudulent activities.