An American Federal Judge has vacated significant fraud and manipulation against merchants, Avrahm Eisenberg, at the center of the decentralized exchange mango markets, at the center of the $ 110 million exploitation.
On Friday, US District Judge Arun Subramanian Government The evidence presented in the trial failed to support the jury’s conclusion that Eisenberg physically represented the mango markets.
The decision evacuates the sentence for Easenberg’s commodities fraud and market manipulation and acquit it with a third allegation, which makes the government very weak in case.
Eisenberg, a self-declared “Applied Game Theorist,” Was convicted in 2024 for artificially inflating Mango’s MNGGO token priced in more than 1,300% minutes and as collateral to extract $ 110 million into crypto assets from the platform using the resulting advantage.
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Judge side with Eisenburg
The Department of Justice argued that they cheated the Mango’s smart contract-based lending system, but Eisenberg’s defense stated that he exploited poorly designed, allowed codes without any false representations.
Judge Subramanian agreed, writing that “mango market permission and automatic, which means that the system could not be cheated in legal sense. The judge said, “Fals had insufficient evidence,” said Siding with the interpretation of Easenberg’s DEFI mechanics.
The judge also rejected the arguments of the prosecutors that the matter should be heard in New York. Puerto was in Rico at the time of Eisenberg trades, and the court found that there was no meaningful activity in New York.
Doj cited a puffkeepsie-based mango user and a third-party seller in Manhattan, but the judge ruled that these were not enough to set up the appropriate site.
The US government will now have to decide whether the empty allegations should be refined, although the Trump administration has recently focused less on crypto enforcement. Eisenberg still faces a civil suit from both SEC and CFTC.
While it cleans Esenberg in the ruling Mango Markets case, he is behind bars.
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Eisenburg accused of child pornography
In a different case, Eisenberg Nearly four years were sentenced in jail After being convicted for having child pornography on 1 May – an allegation arising from unrelated evidence exposed during his arrest.
In December 2022, US Federal Law Enforcement Authority Esenberg arrested in Puerto RicoFBI officials charged the hacker with a count of commodities fraud and a count of commodities manipulation.
A Jury convicted Eisenberg In April 2024, wire fraud, fraud of objects, and manipulation in objects. Raksha argued that exploitation was not a cyber crime and represented a “successful and legal business strategy”.
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