Crypto Trader's Convictions Vacated in Mango Markets Fraud Case.

The article discusses the legal outcome of Avraham Eisenberg's case, the first in the U.S. related to cryptocurrency manipulation, where he successfully overturned his convictions for fraud and manipulation linked to Mango Markets, a decentralized finance platform. U.S. District Judge Arun Subramanian ruled that the evidence did not support the jury's findings that Eisenberg made false representations to the platform, which allowed him to withdraw $110 million in cryptocurrencies. The U.S. Justice Department now faces a decision on whether to pursue the vacated charges, while Eisenberg's legal team argued that his actions were not theft but rather a legal exploitation of the platform's weaknesses. Additionally, Eisenberg was previously sentenced to prison for unrelated charges of child pornography possession. [Extracted from the article]

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