Mango Markets Conviction Overturned: Key Legal Decision
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 26 2025Judge Vacates Fraud Charges: U.S. District Judge Arun Subramanian has dismissed fraud charges against Avraham Eisenberg related to the 2022 Mango Markets exploit, citing insufficient jurisdiction and a lack of evidence that traditional fraud laws apply to decentralized finance (DeFi) systems.
Regulatory Implications: The ruling raises significant questions about regulatory jurisdiction in DeFi, with experts calling for updated legal frameworks to address the unique challenges posed by digital assets and potential exploits in the evolving crypto landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
