Avraham Eisenberg Found Guilty in $110 Million DeFi Scheme
Avraham Eisenberg is convicted of a $110 million fraud on Mango Markets, manipulating MNGO token prices and exposing DeFi vulnerabilities.
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Avraham Eisenberg is convicted of a $110 million fraud on Mango Markets, manipulating MNGO token prices and exposing DeFi vulnerabilities.
Avi Eisenberg found guilty of fraud and market manipulation in $110 million theft from Mango Markets. Verdict highlights need for stricter regulations in decentralized finance to combat fraudulent activities.
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Despite publicly confessing to his actions, Eisenberg has pled not guilty to all charges.
Their trial uses a method similar to how protocols create wrapped Bitcoin and Ether.
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 Mango Markets exploiter is back—but this time, things might not be going as planned.
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