Avraham “Avi” Eisenberg, a crypto trader involved in a $110 million exploit of the Mango Markets decentralised exchange, could face up to 20 years in prison after being convicted of wire fraud, commodities fraud, and commodities manipulation.

The conviction came from a jury at the United States District Court for the Southern District of New York on April 18, following hours of deliberation after the trial concluded on April 17.

During the two-week trial, Eisenberg’s defense argued that he employed a “successful and legal trading strategy,” despite having made off with a significant sum from Mango Markets.

However, he did return about $67 million following the exploit but retained more than $40 million.

This action led prosecutors to charge him with fraud, ultimately leading to his conviction.