Announcement
Following a detention hearing, U.S. Magistrate Bruce McGiverin ruled that Eisenberg’s detention was necessary for several reasons. According to court documents, the request for release was denied, among other things, because Eisenberg faces a lengthy prison sentence if found guilty, while he has significant family or other connections outside the United States and has not been vetted. biographical data, suggesting that he is a fugitive.
On December 28, Eisenberg was arrested on fraud charges, despite the fact that his attack on a cryptocurrency exchange was described as a legitimate open market action. The Mango Markets hijacker was arrested in Puerto Rico and charged with market manipulation and fraud. On October 15, Eisenberg posted on social media claiming that the use of Mango Markets was a legal act. He claims to have used the protocol as intended and that the plot was simply “an extremely profitable trading strategy,” according to Cointelegraph.
Wyre, a provider of crypto payments, exchanges, and infrastructure, was founded in 2013 but after ten years appears to have reached the end of its career, and according to a notice sent to employees by company management, the business will close in January. .
The protracted market downturn and the growing distrust of investors in crypto companies and exchanges is not easing yet, and the purge will continue until 2023. One of the victims of this is Wire. During the holiday season, CEO Ioannis Giannaros sent emails to employees informing them that the company was going into liquidation and ending its services in January 2023, Axios said, citing a former Wyre employee. Before the end of last year, another employee confirmed the news on LinkedIn. Another claimed he had not yet received a severance package from the company, leading to speculation that Wire might not even pay, according to the IB Times.
“We are still working, but we are taking it back to plan our next steps,” said Axios Yannaros, who declined to comment on the accusations of former Wyre employees. Rumors about the closure of Wyre were also mentioned by the co-founder of Join Royal.
According to Crunchbase, Giannaros and Michael Dunworth, co-founders of the cryptocurrency company, raised $291 million in nine funding rounds when they launched Wyre 10 years ago. Dunworth pulled out of the company and cashed out a 12.5% stake shortly after talks to buy Bolt for $1.5 billion fell through last September.
Noah Weidner, a fintech writer, tweeted that he suspected the company could be in trouble from September. He said he emailed Wyre inquiring about the Yield product, noting that “the company’s response showed Wyre+ Yield has been closed for months, but some applications still use it for treasury.”
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