Mango

Judicial Reversal: Mango Markets Fraud Convictions Overturned in a Landmark Decision

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A judge in New York has annulled the fraud convictions of a key figure linked to the Mango Markets hacking incident, raising questions about the integrity of the prosecution’s case and the broader implications for the cryptocurrency industry. This decision comes after a series of legal developments that have captivated observers in the digital asset realm. The defendant was convicted for exploiting vulnerabilities in the Mango Markets platform, leading to substantial financial losses for investors. The court ruling criticized the prosecution’s tactics and highlighted potential overreach in the case, prompting discussions about the need for … Read more

Federal Judge Overturns Fraud Convictions of Trader in $110 Million Mango Markets Exploit

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New York – A federal judge has overturned significant fraud and manipulation convictions against Avraham Eisenberg, a trader involved in a $110 million exploit of the Mango Markets decentralized exchange. U.S. District Judge Arun Subramanian issued the ruling on Friday, stating that the evidence presented in the original trial did not substantiate the jury’s conclusions that Eisenberg provided materially false representations. The judge’s decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, effectively weakening the government’s position in the case. In 2024, Eisenberg was found guilty of … Read more