Legal Ruling Finds No Fraud in Mango Markets Exploit Due to System Flaws

A United States judge has reversed the fraud and market manipulation charges against a Mango Markets hacker, stating that the exploitation was due to flaws in the system's poorly coded design, which was accessed without permission. The court clarified that no false representations were involved, thus legally ruling out fraud. Prior to this ruling, Mango Markets had announced its closure, and Mango Labs had filed lawsuits against two DAO leaders, accusing them of embezzling $10 million.