Courtroom Shock: Judge Tosses Convictions in $100M+ Mango Markets Exploit Case

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2025-05-24 20:35:19

Judge Overturns Convictions in Mango Markets Exploiter’s Crypto Fraud Case

DeFi’s wild west just got wilder—a federal judge just overturned fraud convictions for the trader behind Mango Markets’ infamous $114M exploit. Turns out manipulating crypto prices isn’t ’fraud’ if you do it with flash loans instead of insider trading. Who needs regulators when you’ve got loopholes?

The ruling sets a dangerous precedent: attack vectors like oracle manipulation now exist in a legal gray zone. Meanwhile, retail traders still get rekt by the same tactics Wall Street would land you in jail for. Crypto innovation—where the only crime is getting caught.

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