A U.S. federal court has dismissed charges against Avraham Eisenberg, who was accused of hacking the DeFi platform Mango Markets in 2022. According to CoinDesk, Eisenberg, known as a manipulative trader, exploited a vulnerability in the platform's pricing, earning $110 million. Prosecutors argued that his actions constituted fraud and market manipulation, but the court found that Eisenberg's operation complied with the platform's rules and that his actions did not violate U.S. securities laws.
This case has sparked discussions in the crypto community regarding the limits of legality in DeFi. Eisenberg argued that his actions were a "legitimate trading strategy" rather than hacking. The court ruling may set a precedent for future cases related to DeFi exploits, highlighting the need for clear regulation. Prosecutors may still file an appeal, but for now, Eisenberg is free of charges. For current news on the crypto market, join #MiningUpdates
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