According to a report by Cointelegraph on May 24, Deep Tide TechFlow announced that U.S. Federal Judge Arun Subramanian overturned the key fraud and market manipulation charges against Avraham Eisenberg in the $110 million attack case on Mango Markets. The judge found that there was insufficient evidence to support the jury’s conclusion that Eisenberg made false statements to Mango Markets.
The judge ruled that Mango Markets is a permissionless and automated system that cannot be deceived in a legal sense. Eisenberg was previously accused of artificially inflating the price of MNGO tokens by over 1300% within minutes, and using the profits generated as collateral to withdraw $110 million in crypto assets from the platform.
Despite a partial victory in this case, Eisenberg was sentenced to nearly four years in prison for another case related to child pornography. He is still facing civil lawsuits from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
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