In the latest development within the $ 110 million Mango Markets case, an American federal judge sentenced him to fraud and manipulation against the alleged hacker Avrahm Isenberg. In Friday’s judgment, US District Judge Arun Subramanian confirmed that evidence of testing to support the jury’s decision was insufficient.
Judge Mango vacates allegations of fraud in the market case
judge Arun Subramanian overturned Easenberg’s sentence for commodities fraud and market manipulation is acquitting her with a third charge. The judge ruled in favor of Eisenberg as the evidence failed to prove his false representation claims in the common markets. Highlighting the decentralized ecosystem of the stage, the judge said,
“Mango market was permitted and automatic … there were insufficient evidence of falseness.”
In particular, this decision comes after the decision Eisenberg gets 4 years jail sentence In a different case. He allegedly blamed for having a child sexual abuse material (CSAM). As part of a separate charge emerging from evidence discovered at the time of his arrest in the Mango Markets case, he admitted that he has more than 1,200 pictures and videos of child pornography.
Mango Markets Discussion Eisenburg
In 2024, Avraham Eisenberg was found guilty of manipulating the MNGO token price of mango markets, which increased in more than 1,300% minutes. According to reports, Eisenberg took advantage of the advantage of the withdrawal of $ 110 million into the crypto property.
After being arrested by the Department of Justice, the Commodity Futures Trading Commission (CFTC) filed a case against him on similar allegations. While the Department of Justice claimed that Eisenberg betrayed the borrowing system of the forum, their rescue argued that they exploited the faulty code without making false statements.
The decision of the court’s mango market case comes on the heel Demand to dismiss the case of $ 1.76 billion Filed by FTX Estate.
Did the US government again vacate the file?
Although prosecutors argued for a case hearing in New York, the judge rejected it, not found any significant connection with the alleged crime in the state.
Despite this remarkable victory in the Mango Markets case, Avrahm Eisenberg is still facing civil suits from both SEC and CFTC. It is also not clear that the US government will refine the vacant allegations.
However, Eisenberg is less likely to face renewed allegations, focusing less on the trump administration’s crypto cases. For example, the US SEC, after its restructuring, dismissed several crypto cases including coinbase, crackon and ripple.
Ninu V Jamal
Ninu V Jamal is an emotional crypto journalist with a three -year experience in Blockchain, Web 3 and Fintech regions. He has established himself as a knowledgeable and attractive voice in cryptocurrency and blockchain space. His experience as an assistant professor in English language and literature has added more in search of informative, well research and accessible material.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
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