TechFlow news, May 24 — According to Cointelegraph, U.S. federal judge Arun Subramanian overturned key fraud and market manipulation charges against Avraham Eisenberg in the $110 million Mango Markets attack case. The judge ruled that evidence was insufficient to support the jury's conclusion that Eisenberg made false statements to Mango Markets.
The judge determined that Mango Markets was a permissionless and automated system, which legally cannot be deceived. Eisenberg had previously been accused of artificially inflating the price of the MNGO token by over 1,300% within minutes and using the generated profits as collateral to withdraw $110 million in crypto assets from the platform.
Despite this partial legal victory, Eisenberg is still serving nearly four years in prison for an unrelated child pornography conviction. He continues to face civil lawsuits from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
