Mango Markets Hacker Avi Eisenberg Arrested in Puerto Rico

Federal agents have arrested Avraham Eisenberg in Puerto Rico for attacking decentralized exchange Mango Markets, with Eisenberg charged with commodities fraud.

Eisenberg attacks Mango Markets in October $114 million in damages, according to the affidavit.written By manipulating the price of MNGO, the exchange’s native token, Eisenberg then bought MNGO, raising the token’s price by 1,300%, which allowed him to borrow other tokens with larger market caps. bigger through the same platform without having to pay back

Eisenberg said he was just “Use the protocol as designed. Although the development team did not foresee all the consequences of setting it as it is.” Subsequently, Mango users voted for him to keep $47 million while he returned another $67 million.

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