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Crypto Trader’s $110 Million Manipulation Trial Heads to Jury

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Federal jurors in New York heard sharply contrasting arguments on whether a trader manipulated the Mango Markets cryptocurrency exchange to steal $110 million or executed a perfectly legal strategy that was permissible under the rules of the platform.

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Crypto Trader Searched Web for ‘Fraud’ Before $110 Million HaulA trader accused of stealing $110 million from the Mango Markets cryptocurrency exchange searched the web for terms like “elements of fraud” and “statute of limitations market manipulation,” evidence presented at his criminal trial showed.
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Crypto Trader’s $110 Million Haul Was Not a Theft, Lawyer SaysA jailed trader accused of manipulating the Mango Markets cryptocurrency exchange to steal $110 million was actually executing perfectly legal, high-risk trades and had no intent to defraud anyone, his lawyer told jurors at the start of a criminal trial in New York.
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