Moody’s sees regulatory action against Mango Markets exploiter Avraham Eisenberg as a positive for the decentralized finance (DeFi) sector.
In a note from Moody’s Investor Service, assistant VP of DeFi Cristiano Ventricelli stated that the charges brought by the SEC and CFTC against Eisenberg indicate DeFi is becoming a “safer and more welcoming environment.”
Ventricelli said the charges could “improve oversight of the DeFi industry” and could lead to wider adoption among institutional and retail investors.
The CFTC alleged Eisenberg manipulated the price of swaps offered by Mango Markets while the SEC alleged his actions caused the platform to be at a deficit.
