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.
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Judge Overturns Key Convictions in $110M Mango Markets Crypto Case
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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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U.S. Department of Justice (DOJ) alleged that Avraham Eisenberg, using two accounts and a false identity, manipulated Mango Markets’ MNGO token prive, driving value of related futures contracts which used as collateral to withdraw $110 million in crypto without intent to repay
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