Mango Markets Hacker Avraham Eisenberg’s Fraud Charges Dismissed

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Judge Says “Not Guilty!” in Mango Markets Drama – You Won’t Believe What Happened Next! 🍑

Well, darlings, gather ’round! A United States judge has waved his magic gavel and dismissed the oh-so-serious commodities fraud and market manipulation charges against our dear Avraham Eisenberg in the Mango Markets escapade. In a plot twist that would make even Agatha Christie raise an eyebrow, the judge declared that the evidence was as flimsy as a soufflé! 🎩

US Authorities Lay Charges Against Mango Markets Hacker

On the 23rd of May, US District Judge Arun Subramanian, in a moment of sheer judicial brilliance, tossed out the fraud and manipulation charges against our alleged hacker. Apparently, the jury’s verdict was about as solid as a wet noodle, lacking any real evidence. The judge, bless his heart, noted that the prosecution failed to prove beyond a reasonable doubt that Eisenberg had been anything but a charming rogue. 😏

In a delightful twist of legal jargon, the judge pointed out that the hacked platform was as decentralized as a hipster coffee shop, stating, “Mango Markets was permissionless and automatic … There was insufficient evidence of falsity.” Who knew crypto could be so poetic? 📜

Now, let’s rewind to January 2023, when the United States Commodity Futures Trading Commission (CFTC) decided to throw a party and filed those manipulation and fraud charges against Eisenberg. This came hot on the heels of his arrest by the Department of Justice, who accused him of inflating the price of swaps on Mango Markets faster than you can say “pump and dump.” 💸

“Defendant accomplished this scheme by manipulating the price of MNGO and, ultimately, the price of MNGO-USDC Swaps, through a type of scheme often referred to as oracle manipulation,” the CFTC declared, sounding rather dramatic, don’t you think? 🎭

But fear not, our hero Eisenberg was quick to defend his honor, claiming he was merely dabbling in a highly profitable trading strategy. And by “highly profitable,” we mean he had to return over $67 million to the Solana-based DeFi. Talk about a generous spirit! 💰

His trial is set to kick off in 2024, after a delightful delay due to its complexity. Who knew legal matters could be so intricate? 🧩

Eisenberg and the Child Sexual Abuse Material Case

Now, let’s not forget the other side of our protagonist. Eisenberg has also received a rather unfortunate 4-year prison sentence in a separate case involving the possession of child sexual abuse material (CSAM). He pleaded guilty, admitting to possessing over 1,200 images and videos of child pornography. A rather grim chapter, wouldn’t you say? 😔

In a previous act of courtroom drama, prosecutors sought a hearing in New York, but the judge, in a fit of wisdom, dismissed it, finding no significant ties to the alleged crime in the state. With both manipulation and fraud charges pushed back, Eisenberg is now basking in the glow of legal freedom—at least for the moment. 🌞

However, our dear hacker still faces civil suits from the US Securities and Exchange Commission (SEC) and the CFTC. And let’s not forget, the US government might just decide to refile those pesky charges. Oh, the suspense! 🎢

In a twist of fate, Donald Trump’s pro-crypto administration has been as lenient as a cat with a ball of yarn when it comes to crypto-based lawsuits. With this in mind, Eisenberg’s charges might just vanish like a puff of smoke, much like the SEC has done with Ripple, Coinbase, Robinhood, and Uniswap. What a time to be alive! 🐱‍👤

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2025-05-24 20:52