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.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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