• A US federal judge dismissed key criminal charges against Avraham Eisenberg in the Mango Markets exploit.
• Judge Subramanian cited lack of evidence for false representation due to Mango Markets’ decentralized nature.
• Eisenberg still faces SEC, CFTC civil suits and a prison sentence for unrelated charges despite this win.

In what many are calling a striking turn of events with major implications for DeFi regulation, a U.S. federal judge has dismissed key criminal charges against Avraham Eisenberg. Eisenberg is the individual accused of manipulating the decentralized exchange (DEX) Mango Markets in a controversial $110 million crypto exploit. 

The ruling marks a significant, though not complete, legal win for Eisenberg, who had previously been convicted in a separate trial of commodities fraud and market manipulation related to the same incident. 

Judge Arun Subramanian concluded that the government’s case lacked sufficient evidence to support the convictions. According to the court, the decentralized and permissionless nature of Mango Markets made it difficult to prove that Eisenberg had made any false representations during the alleged exploit.

This ca…

The post DeFi Loophole Found? Mango Markets Case Shows Proving U.S. Crypto Fraud Is Getting Harder appeared first on Coin Edition.

• A US federal judge dismissed key criminal charges against Avraham Eisenberg in the Mango Markets exploit.
• Judge Subramanian cited lack of evidence for false representation due to Mango Markets’ decentralized nature.
• Eisenberg still faces SEC, CFTC civil suits and a prison sentence for unrelated charges despite this win.

In what many are calling a striking turn of events with major implications for DeFi regulation, a U.S. federal judge has dismissed key criminal charges against Avraham Eisenberg. Eisenberg is the individual accused of manipulating the decentralized exchange (DEX) Mango Markets in a controversial $110 million crypto exploit. 

The ruling marks a significant, though not complete, legal win for Eisenberg, who had previously been convicted in a separate trial of commodities fraud and market manipulation related to the same incident. 

Judge Arun Subramanian concluded that the government’s case lacked sufficient evidence to support the convictions. According to the court, the decentralized and permissionless nature of Mango Markets made it difficult to prove that Eisenberg had made any false representations during the alleged exploit.

This ca…

The post DeFi Loophole Found? Mango Markets Case Shows Proving U.S. Crypto Fraud Is Getting Harder appeared first on Coin Edition.