Eisenberg Refuses to Return Mango Markets Missing Millions
Eisenberg's lawyers say that the Mango Labs filing lacks the likelihood of success.
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Eisenberg's lawyers say that the Mango Labs filing lacks the likelihood of success.
The Solana-based decentralized exchange (DEX) Mango Labs sued Avraham Eisenberg for its “profitable trading strategy.”
The CFTC isn’t buying Eisenberg’s argument that his attack on Mango Markets was a legal act.
Avraham Eisenberg could not be immediately reached for comment, and it is unclear whether he has a lawyer.
Avraham Eisenberg, the crypto trader behind last month’s $100 million Mango Markets price manipulation maneuver, couldn’t do the same to Aave.
Avraham Eisenberg defended his actions after returning $67 million. The Mango DAO plans to vote on how to divvy up the funds next week.
The initial offer appeared to have been rejected.
Mango was attacked by hackers, and Mango lost a total of about 116 million U.S. dollars in this attack. In addition, Mango also suffered another attack from hackers, and Mango was attacked through a proposal.
Yet another DeFi exploit happened in the scene, and this time, the loss was over a hundred million dollars!
Mango Markets, a decentralized trading platform on the Solana blockchain, has become "ripe for harvest" when it fell victim to hackers.