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A Trader Says Code Allowed Him to Withdraw Millions From a Crypto Exchange. Prosecutors Say He Crossed a Line.


Federal authorities arrested Avraham Eisenberg in Puerto Rico in December, accusing the 27-year-old trader of manipulating prices on a crypto exchange called Mango Markets and draining

more than $100 million from the platform.

Mango Markets all but collapsed after Mr. Eisenberg withdrew the money on a single day in October, authorities said. Mr. Eisenberg had defended his actions, saying he did only what Mango’s software code made possible.

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