Moody’s credit rating firm has stated that recent charges against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space.
The enforcement actions by the SEC and CFTC in January show that DeFi is becoming a safer and more regulated environment.
Moody’s sees this as a credit positive for the industry and could lead to wider adoption among institutional and retail investors.
The firm suggests that DeFi is no longer a “no man’s land” and that with the potential for a safer environment, it could attract more investors.
The CFTC filed charges against Eisenberg for his manipulative and deceptive scheme to inflate the price of swaps offered by Mango Markets, while the SEC alleges that Eisenberg’s actions left the platform at a deficit.
