CFTC Sues Trader Over Alleged $114 Million Crypto Swaps Scam

The US Commodity Futures Trading Commission filed a lawsuit against crypto trader Avraham Eisenberg for allegedly manipulating the price of swaps contracts as part of a scam to steal $114 million.

Eisenberg perpetrated a “a manipulative and deceptive scheme” in October to inflate the price of swaps offered by decentralized digital-asset exchange Mango Markets, culminating in the misappropriation of the funds, the regulator said in a complaint Monday.

Eisenberg last month was arrested in Puerto Rico and charged with fraud by prosecutors in New York over the exploit. At one point it looked like he was walking away with about ...