U.S. authorities have arrested Avraham Eisenberg, who came forward as the Mango Markets exploiter in October.
The Justice Department has arrested Avraham Eisenberg, who came forward as the Mango Markets exploiter back in October.
Authorities are not buying that code was law in the $114 million exploit of a decentralized exchange. Federal authorities have arrested Avraham Eisenberg in Puerto Rico for his exploit of decentralized exchange Mango Markets, unsealing charges against him in the U.S. District Court for the Southern District of New York.Eisenberg led a team to exploit Mango Markets in October for $114 million by, according to anagainst him, manipulating the price of the exchange's native token, MNGO.
When MNGO's price fell again, Eisenberg's position no longer had enough value to cover the debts he had taken in those other tokens. At the time, heas the user behind the massive price move in MNGO, saying he was"using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.
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