Avi Eisenberg May Testify in $110M Crypto Fraud Trial, Defense Says

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.