Trial for cryptocurrency trader Avi Eisenberg is not expected to start until April 8, 2024. This is because the judge presiding over the case of the accused Mango Markets exploiter agreed to postpone the trial just one month before it was supposed to.When using a “highly profitable trading strategy” against the decentralized cryptocurrency exchange Mango Markets, situated in Solana, in October 2022, federal authorities claim Eisenberg engaged in wire fraud and commodities manipulation.
The trial is taking place in the Southern District of New York, where a group of attorneys just this week succeeded in convicting Sam Bankman-Fried in a case that took less than a year to complete.
According to a filing, Eisenberg’s trial was proceeding almost as quickly until late October when the Bureau of Prisons transferred him from a federal jail in New Jersey to the more restrictive Metropolitan Detention Center in Brooklyn. This move made it difficult for the defense team to get ready for Eisenberg’s December 8 trial date.
Due to the “complex and novel legal and factual issues” at hand, his attorneys also asked for more time.The claimed scheme of Eisenberg contained complex cryptographic ideas that would make any prosecution — and defense — much more difficult than Bankman-Fried’s comparatively straightforward fraud case.
On Friday, the case’s presiding judge reluctantly consented to move the trial to April 8, 2024, as did the government.