The SEC sued Avraham Eisenberg for market manipulation over last year’s $116 million drain of Mango Markets. The regulator is calling native token MNGO a security. realDannyNelson reports
The Securities and Exchange Commission on Friday charged DeFi trader Avraham Eisenberg over his draining of $116 million from Solana-based decentralized exchange Mango Markets, but this action could have a wider effect.
The SEC’s charges rest on the agency’s assertion that MNGO, Mango Markets’ governance token, is a security, much like its arguments in previous actions that have put the crypto industry on its guard. Eisenberg, 27, already faced criminal commodities fraud charges for his admitted role in orchestrating the “highly profitable trading strategy” against Mango Markets last October.
Apart from his actions, the SEC complaint detailed the so-called Howey Test standards the agency used to call MNGO a security, much as the agency has done in previous enforcement actions -- most notably the former that declared nine tokens as unregistered securities without directly accusing the token issuers or Coinbase of anything. As in that case, the Mango action doesn't go after Mango Markets, the exchange.The SEC's backdoor listings of which tokens it considers securities haveIn this case, the agency said that despite MNGO’s labeling as a “governance token,” it “was purchased and sold as a crypto asset security.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jesse Eisenberg directs a moving mother-son taleThe heart of first-time director Jesse Eisenberg's 'When You Finish Saving the World' is the aching missed connections between mother (Julianne Moore) and son (Finn Wolfhard). They have, they know, so much to be grateful for and yet can't seem to rise above their superficial differences. It's discontented suburban white people, sure, but Eisenberg keeps it fresh, modern and piercing.
Consulte Mais informação »
“When You Finish Saving the World” Is Very Jesse EisenbergAnthony Lane reviews Jesse Eisenberg’s directorial debut, “When You Finish Saving the World,” a small and cloistered work that seems to shrink into itself.
Consulte Mais informação »
Finn Wolfhard and Jesse Eisenberg Reflect on Their SNL AmbitionsIn the run up to today's release of his new A24 film 'When You Finish Saving The World,' Jesse Eisenberg connected with its star Finn Wolfhard to compare their earliest roles, bygone Saturday Night Live ambitions, and being typecast as nice guys.
Consulte Mais informação »
Texas A&M slips past Florida, improves to 5-0 in SEC playFor the first time under coach Buzz Williams, Texas A&M is 5-0 in SEC play after a...
Consulte Mais informação »
Ripple CEO: XRP lawsuit resolved by June, SEC conduct 'embarrassing'Ripple’s CEO Brad Garlinghouse believes its ongoing lawsuit with the U.S. Securities Exchange Commission (SEC) will reach an outcome soon, adding that a settlement with the “embarrassing” SEC is unlikely.
Consulte Mais informação »