US Court Clears Avraham Eisenberg of Fraud Charges in Mango Markets Case

A US court has ruled that fraud charges against Avraham Eisenberg, who was implicated in the $110 million exploit of Mango Markets, are unsubstantiated. The decision, which could impact future cases within decentralized finance (DeFi), did not immediately cause major market disruptions. 2023 marked the culmination of legal proceedings where Judge Arun Subramanian determined that Mango Markets’ operation was permissionless and automatic, lacking evidence to substantiate the claim of fraudulent activity.