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

Eisenberg carried out a “fraudulent and fraudulent scheme” in October to inflate the price of swaps traded on digital stock markets, resulting in a misappropriation of funds, the regulator said in a Monday complaint. Last month, Eisenberg was arrested in Puerto Rico and charged with fraud by New York prosecutors for the exploit. At one point, it seems he was walking around $50 million in digital assets after the war. He defended his actions as legal following the incident.

Eisenberg allegedly used two Mango trading accounts he controlled to manipulate the price of perpetual swaps, driving their prices up 1,300% in minutes. It uses the swaps as a contract to lend and withdraw about $114 million of cryptocurrency, which comes from the deposits of other investors in the exchange.

The CFTC is seeking civil monetary penalties and trading bans. The Mango Markets incident was one of many hacks to cash in on the financial crisis in the past year, adding to the embarrassing moment for crypto among $2 trillion of digital assets and the holding of Sam Bankman-Fried and -next to the FTX implosion. change.