Judge Overturns Fraud Convictions in Mango Markets Case

A landmark legal decision has overturned the fraud convictions of Avraham Eisenberg related to the 2023 Mango Markets exploit. Judge Arun Subramanian vacated all charges, shaking up how decentralized finance (DeFi) exploits are legally addressed. The ruling, which came on May 23, 2025, in New York, highlights the complexities faced by regulators as they navigate the intricacies of DeFi.