Historic turn: Judge in the US CANCIDD CULPAL AGAINST MANGO MARKETS HACKER

By Canuto

An American court has revoked the condemnation of fraud against the merchant of cryptocurrencies Avraham Eisenberg, who was accused of manipulating mango markets, and subtracts USD $ 110 million.

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Avraham Eisenberg was acquitted after the revocation of his condemnation for fraud in mango markets.
The case looks at the legal limits of the maneuvers in defi protocols.
The judicial decision could impact future investigations within the crypto ecosystem.

An American judge decided to revoke the sentence of the merchant at the center of the case that involves an exploitation of USD $ 110 million of the decentralized exchange Markets mango.

On Friday, the United States District Judge, Arun Subramanian, said that the evidence presented at the trial did not support the jury’s conclusion that Avraham ‘Avi’ Eisenberg, the head of the hacking in question, made materially falsely false representations to Markets mangoa decentralized finance protocol (DEFI).

The decision cancels Eisenberg’s convictions for fraud of basic products and market manipulation and acquits it from a third position, which significantly weakens the case of the United States government, according to reported Cointelegraph and Bloomberg.

THE MANGO MARKETS CASE

Markets mango He stood out when offering loans, trading and leverage through intelligent contracts in the Blockchain of Solarium.

In 2022, the merchant Eisenberg was indicated as an intellectual author of a series of complex operations that caused an abrupt manipulation of the token price of Markets mangoMngo, and the subsequent collapse of the platform.

The incident fired crypto forums and motivated the increase in audits in decentralized loan platforms, while the public narrative ranged among those who saw Eisenberg as a “white hat hacker” and those who considered him responsible for an attack with a detrimental impact for thousands of users.

The United States Department of Justice was presented by charges against Eisenberg for fraud of basic products, manipulation of basic products and electronic fraud.

Turn in the case: Judge is put on the side of the defense

In the trial, prosecutors argued that Eisenberg’s actions constituted a manipulation scheme designed to illegally benefit from protocol vulnerabilities, directly affecting depositors and investors.

The defense, on the other hand, said that Eisenberg operated within the rules published by the platform itself, using only open functions for any user of the protocol. Despite the million -dollar subtraction, they said that their action represented a “Successful and legal commercial strategy”

Eisenberg’s trial was the first time that a jury from the United States had to weigh what kind of defi transactions were legal.

The jury agreed with the prosecution declared him guilty in 2024, generating a precedent of sentence for a case of decentralized finance in the country. However, the case took a turn this week, when the judge put on the side of the defense.

“Mango Markets was an un permitted and automated system “which means that the system could not be deceived in a legal sense, said Judge Subramanian showing according to the argument of Eisenberg’s lawyers. “There was not enough falsity evidence“The judge added, giving the reason to the defense in his interpretation of the mechanics.

Eisenberg even after bars for separate charges

The United States government must now decide whether to present the charges again.

Recently, the Donald Trump administration has imposed a reduced approach to the application of cryptocurrencies, which could make weight in the decision on this case.

Eisenberg still faces civil lawsuits from US regulators, both from the Bag and Securities Commission (SEC) and the Basic Products Trade Commission (CFTC).

Judge Subramanian’s ruling represents a new turn in the case Markets mangobut he will not free Eisenberg from prison.

At the beginning of this month, a New York court sentenced the merchant to 52 months in prison, but not for cryptocurrency crime, but for possession of child sexual abuse. The position was derived from the unrelated evidence discovered during his arrest in Puerto Rico.

Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

Image generated with AI, under free use license

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