A US judge overturns the fraud conviction of Eisenberg, the main perpetrator of the Mango Markets attack.

According to Gate News bot, as reported by Cointelegraph, a U.S. federal judge has announced the reversal of the fraud and market manipulation conviction of Avraham Eisenberg, the main perpetrator of the Mango Markets attack. The judge stated in the ruling that since Mango Markets, as a DeFi protocol, belongs to an open system, it does not constitute “deception in the legal sense,” and the prosecution failed to provide sufficient evidence to prove that his actions involved false statements.

Although the case was dropped, Eisenberg is currently serving his sentence due to another child pornography case that earned him nearly four years in prison. In addition, civil lawsuits filed against the (SEC) of the SEC and the Commodity Futures Trading Commission (CFTC) are still ongoing.