DeFi Protocol Mango Markets Manipulator Is Arrested

The United States prosecutors have arrested Avraham Eisenberg, who admitted to draining decentralized finance (DeFi) protocol Mango Markets with his “highly profitable trading strategy.” According to a court filing, he was arrested on Monday in Puerto Rico.

Timeline of Mango-markets

Avraham Eisenberg, a crypto trader, was arrested on Monday in Puerto Rico for using his "highly profitable trading strategy" to siphon off digital assets worth $110 million from the decentralized finance (DeFi) trading platform Mango Markets.  What Happened: Eisenberg has been charged with fraudulent and manipulative activities with respect to Mango Markets, the complaint reveals.

Key Points: Avraham Eisenberg has been detained by federal authorities in Puerto Rico for using the decentralized exchange Mango Markets illegally, and charges have been filed against him in the U.S. District Court for the Southern District of New York.

United States officials have filed criminal charges against Avraham Eisenberg, who exploited the DeFi platform Mango Markets earlier this year. The post U.S. officials arrest and charge Mango attacker appeared first on CryptoSlate.

U.S. authorities have arrested Avraham Eisenberg, who came forward as the Mango Markets exploiter in October.  The post Mango Markets exploiter arrested in Puerto Rico for alleged market manipulation appeared first on The Block.

Two Solana-based protocols have taken initial steps to reopen their services after the Mango Markets exploit. The post Solana projects reopen after getting funds back from Mango Markets appeared first on The Block.

Avraham Eisenberg, aka the Mango Markets “hacker,” boasted on Twitter about his most recent endeavour – Mango Inu – A meme coin based on Eisenberg's infamous Mango Markets attack. However, a few days after announcing the initiative, Eisenberg made it apparent on Twitter that anyone who invested would “certainly lose all your money.

The Mango Markets “hacker,” who goes by Avraham Eisenberg, bragged on Twitter about his latest project, Mango Inu, a meme coin based on Eisenberg's infamous Mango Markets exploit. The post Mango Markets hacker rugpulls Mango Inu after warning investors would “definitely lose all your money” appeared first on CryptoSlate.

Mango Markets has put forth a governance proposal outlining how it will reimburse users who were affected by the $114 million exploit last week. The post Mango Markets proposes plan to pay back victims after $114 million hack appeared first on The Block.

In the recent news, Mango Markets, a decentralized crypto platform based on Solana, experienced an exploit. According to a source, the attack led to a loss of $114 million worth of crypto tokens.

The hacker behind the  Mango market exploit that drained $117 million, revealed his identity on Twitter calling his actions “legal” and “a highly profitable trading strategy”.  What Happened: The hacker identified as Avraham Eisenberg called himself a "digital art dealer" as per his Twitter bio.