Mango Markets Case: Fraud Charges Against Avraham Eisenberg Annulled

In the latest development within the $110 million Mango Markets case, a US federal judge has set aside fraud and manipulation convictions against Avraham Eisenberg, the alleged hacker. In a Friday ruling, US District Judge Arun Subramanian confirmed that the trial evidence was insufficient to support the jury’s verdict. Judge Vacates Fraud Charges in Mango Markets Case Judge Arun Subramanian overturned Eisenberg’s convictions for commodities fraud and market manipulation, also acquitting him of a third charge. The judge ruled in favor of Eisenberg as the evidence failed to prove claims of his false representations to Mango Markets. Highlighting the platform’s decentralized ecosystem, the judge added, “Mango Markets was permissionless and automatic…There was insufficient evidence of falsity.” Notably, this ruling comes after Eisenberg received a 4-year prison sentence in a separate case. He reportedly pleaded guilty to possessing child sexual abuse material (CSAM). As part of a separate charge that emerged… Read More at Coingape.com

The post Mango Markets Case: Fraud Charges Against Avraham Eisenberg Annulled appeared first on CoinGape.