The post Mango Markets Hacker Avraham Eisenberg’s Fraud Charges Dismissed appeared on BitcoinEthereumNews.com.

Key Notes Mango Markets hacker Avraham Eisenberg has seen his theft case dismissed. Eisenberg received a separate 4-year sentence after pleading guilty to possessing child sexual abuse material. Donald Trump’s administration has brought leniency to crypto lawsuits, and Eisenberg may be a beneficiary. A United States judge has dismissed the commodities fraud and market manipulation charges against Avraham Eisenberg in the Mango Markets case. In an unexpected twist, the Judge ruled that the evidence against him was insufficient to support those charges. US Authorities Lay Charges Against Mango Markets Hacker On May 23, US District Judge Arun Subramanian dismissed the fraud and manipulation charges against the alleged Mango Markets hacker after confirming that the jury’s verdict lacked evidence. He also established that the prosecutor failed to prove beyond a reasonable doubt that Eisenberg falsely represented the platform. The judge further highlighted the decentralized nature of the hacked platform, citing that “Mango Markets was permissionless and automatic … There was insufficient evidence of falsity.” The United States Commodity Futures Trading Commission (CFTC) filed these manipulation and fraud charges against Eisenberg in January 2023. These charges came after the Department of Justice arrested him for the same reason. He was accused of artificially inflating the price of swaps offered by Mango Markets between October 11, 2022, and October 15, 2022. “Defendant accomplished this scheme by manipulating the price of MNGO and, ultimately, the price of MNGO-USDC Swaps, through a type of scheme often referred to as oracle manipulation,” the CFTC said in the Eisenberg indictment. Eisenberg was quick to defend himself, stating that he was involved with a highly profitable trading strategy on the platform. For reference, this trading engagement raked in so much profit that he later had to return over $67 million to the Solana-based DeFi. His trial kicked off…

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Filed under: News - @ May 24, 2025 1:25 pm