SEC And CFTC Legal Action Against Mango Markets Hacker Will Boost DeFi
The recent spree of regulatory actions in the DeFi ecosystem got positive reactions from the credit rating firm Moody.
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The recent spree of regulatory actions in the DeFi ecosystem got positive reactions from the credit rating firm Moody.
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.
CRV's price made a V-shaped recovery while Aave suffered a $1.6M bad debt. The exploiter lost all his collateral worth $38.96M but is he really losing this time?
Avraham Eisenberg, the crypto trader behind last month’s $100 million Mango Markets price manipulation maneuver, couldn’t do the same to Aave.
The law reportedly dropped the CRV price from $0.625 to $0.464 over the week.
The initial offer appeared to have been rejected.
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.