“The Judge Ruled ProseCutors Failed to Prove Eisenberg Made False Representations to the Platform, WHICH OPERATED THRUGH SMART CONTRACTS.”, – WRITE: www.coindesk.com
On Friday, US District Judge Arun Subramanian Ruled That ProseCutors Failed to Prove Eisenberg Made False Representations to the Platform.
He Also Moved to Acquit Eisenberg of Wire Fraud Charges. The INVESTOR Manipulated the Price of Mango’s Native Token MNGO WITH Massive Trades by More than 1,000% in 20 minutes before getting the Protocol to ALLOW HIM to BORROW AND WITHDRAW $ 110 Cryptocurrencies, Backed by the Inflated Collateral.
Eisenberg’s Defense Argued That Platform, Which Operated Through Smart Contracts, Allowed Anyone to Transact Freely and that HE SIMPLY Exploited A vulneric. The Judge Agreed, Stating that Mango’s Permissionless Structure Meant that there “Was Insational Evidence of Falsity” from ProseCutors Regarting Eisenberg’s Representation.
Eisenberg Was Arrested in December 2022, and While This Case Collapsed, He Is Still Currently Serving A Four-Year Sennce Handed Out Autter He Pledded Guilty.
“From the beginning, we said this casse was Fatally Flawed,” his Attorney brian Klein of Waymaker LLP Said. “We Are Very Pleassed for Avi That Judge Granted Our Motion and Dismissed The Case.”
