May 24, 01:09 AM

US Judge Overturns Avraham Eisenberg’s Convictions in $110 Million Mango Markets Crypto Manipulation Case

A US judge has overturned the convictions of Avraham Eisenberg, who was charged in the first US case related to cryptocurrency manipulation. Eisenberg had been accused of exploiting Mango Markets' rules to steal $110 million from the exchange in 2022. The judge ruled that Mango Markets had no explicit terms banning price manipulation or repayment requirements, and found that Eisenberg's trades did not constitute wire fraud. The ruling noted that similar past trades had gone uncharged, leading to the decision to vacate Eisenberg's convictions due to insufficient evidence.

#US #Avraham Eisenberg #Eisenberg #Mango Markets

Written with ChatGPT (GPT-4).

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Techmeme@Techmeme
1 year ago
A US judge overturns Avraham Eisenberg's convictions for fraud and manipulation related to a $110M theft on Mango Markets in 2022 due to insufficient evidence (Bloomberg) https://t.co/ak8eJDHKNE https://t.co/uQDSLB2Vqc https://t.co/ZOzeer1FAj
Eddie@DancingEddie_
1 year ago
chat mango markets $100M exploiter just had his convictions vacated code may in fact be law this is JUICY weekend reading https://t.co/2G2zTIMzQV
First Squawk@FirstSquawk
1 year ago
A trader accused in the first US cryptocurrency manipulation case successfully overturned his convictions for exploiting Mango Markets' rules to steal $110 million from the exchange.

US Judge Overturns Avraham Eisenberg’s Convictions in $110 Million Mango Markets Crypto Manipulation Case

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