An American judge has overturned the punishment of the fraud and manipulation in the market, the Crypto merchant has now alleged the withdrawal of $ 110 million from the decentralized finance protocol mango markets.
On Friday, US District Judge Arun Subramanian ruled that the prosecutors failed to prove that Eisenberg misrepresented the stage.
He also went to acquit Easenberg allegations of wire fraud. The investor manipulated the price of Mango’s native token MNGO with large -scale trades in 20 minutes, allowing him to borrow $ 110 million in various cryptocurrency before receiving the protocol, supported by the bloated collateral.
Eisenberg’s rescue argued that the platform operated through smart contracts allowed anyone to make transactions independently and simply exploited a vulnerability. The judge agreed that the mango permission -free structure meant that “there was” insufficient evidence of falseness “from prosecutors about the representation of Eisenberg for Mars markets.
Eisenberg was arrested in December 2022, and when the case collapsed, he is still serving a four -year sentence even after being convicted for the occupation of child sexual abuse materials.
His lawyer Brian Klein, Vemaker LLP, said, “From the very beginning, we said the matter was badly flawed.” “We are very happy for AVI that the judge proposed us and dismissed the matter.”
