Avi Eisenberg May Testify in $110M Crypto Fraud Trial, Defense Says
Policy
Crypto trader Avi Eisenberg may testify at his criminal commodities fraud and manipulation trial, his defense team said Thursday.
They have yet to make a final decision on the matter as the government's case nears its conclusion.
The 28-year old crypto trader could face as much as a 20-year prison sentence if the 15-person jury convicts him on all three counts stemming from his October 2022 trades on the DeFi trading platform Mango Markets, which netted him $110 million in cryptocurrencies. The government seeks to portray that trade as an illegal windfall from market manipulation, while the defense calls it a legitimate trading strategy.
Read more: DeFi Trader Eisenberg 'Wasn't Borrowing, He Was Stealing,' Prosecutor Says in Opening Argument
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