Avraham Eisenberg, in the DOJ case accusing him of exploiting Mango Markets for $110 million, argued in his defense that he lawfully leveraged a weakness in the platform’s permissionless smart contracts without making any false representations

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Eisenberg’s lawyers had argued that what he did wasn’t theft. They said he legally exploited a weakness in the decentralized finance application

While the Department of Justice framed the act as a calculated deception of a smart contract system, Eisenberg’s defense insisted he simply took advantage of flawed but open code — without lying or misleading the protocol.