The US Federal Judge has left key beliefs about fraud and manipulations against Avraham Eisenberg, a trader in the center of a case covering $ 110 million to utilize decentralized mango markets.
On Friday, the American District Judge Arun Subramanian he ruled The fact that the evidence presented at the hearing did not confirm the jury’s conclusion that Eisenberg materially made false statements on the mango markets.
The decision leaves Eisenberg’s beliefs regarding fraud related to goods and market manipulation, and brings him a third complaint, significantly weakening the government.
Eisenberg, a self -proclaimed “applied game theoretician”, was convicted in 2024. For artificial overstatement of the price of a mngo mango tokena by over 1300% in a few minutes and using the resulting benefits as a security for the withdrawal of $ 110 million dollars of cryptocurrency assets from the platform.
Related: The Tax Office obtains $ 24 million in Krypto from the accused developer Qakbot Malware
Judge of Pages with Eisenberg
The Department of Justice argued that he had deceived an clever loan system based on a mango agreement, but the defense of Eisenberg maintained that he simply used a poorly designed permit-free code-including false statements.
The Subramanian judge agreed, writing that “mango markets were deprived of permission and automatic”, which means that the system cannot be deceived in a legal sense. “There was not enough evidence for falsehood,” added the judge, on the side of the interpretation of Def mechanics by Eisenberg.
The judge also rejected the prosecutors’ argument that the case should be heard in Fresh York. Eisenberg was in Puerto Rico during the transaction, and the court stated that there was no significant activity related to the alleged crime in Fresh York.
The Dojalo quoted the user of Mango from Poughkeepsa and an external seller in Manhattan, but the judge ruled that it was not enough to establish the right place.
The United States government must now decide whether to supplement the released allegations, although the Trump administration has recently signaled the reduced focus on the enforcement of cryptocurrencies. Eisenberg is still in the face of a civil suit with both SEC and CFTC.
While this ruling removes Eisenberg regarding mango markets, it remains behind bars.
Related: Exploiter of mango markets sentenced to over 4 years on the charge of materials regarding the utilize of children
Eisenberg accused of child pornography
In a separate case, Eisenberg was sentenced to almost four years in prison on May 1 after he pleaded guilty for having child pornography – the allegation arising from unrelated evidence discovered during his arrest.
In December 2022, the federal law enforcement agencies arrested Eisenberg in Puerto Rico. FBI officials accused the hacker of one number of freight frauds and one manipulation of goods.
The jury found Eisenberg guilty of fraud, freight fraud and manipulation of goods in April 2024. Defense argued that Exploit was not cyber criminality and constituted a “successful and legal trade strategy.”
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