Today in crypto, a judge has vacated key fraud and manipulation convictions against Mango Markets exploiter Avraham Eisenberg, US-based spot Bitcoin ETFs posted a significant amount of inflows this week, and US lawmakers have urged the Justice Department to investigate President Donald Trump's crypto dinner.
Judge overturns fraud convictions in Mango Markets exploit case
A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets.
On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets.
The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case.
Eisenberg, a self-proclaimed “applied game theorist,” was convicted in 2024 for artificially inflating the price of Mango’s MNGO token by over 1,300% in a matter of minutes and using the resulting gains as collateral to withdraw $110 million in crypto assets from the platform.
#TrumpTariffs #MarketPullback #ETHMarketWatch $BTC $ETH $XRP
