avraham

ChainCatcher news, according to Bloomberg, Mango Markets attacker Avraham Eisenberg stated that he should not be required to repay more disputed funds, having returned $67 million of the $114 million in tokens obtained during the trading.Mango Labs, on the other hand, is requesting the Manhattan federal court to order Eisenberg to repay the remaining amount and claims that its settlement with Eisenberg should be voided as it was reached under duress. (source link)

ChainCatcher news, Mango Labs LLC has officially sued the attacker Avraham Eisenberg in Manhattan, demanding the return of the $47 million bounty for the vulnerability that was retained in the previous compensation proposal.Previously, ChainCatcher reported that the Solana ecosystem DeFi platform Mango was hacked in October 2022, with hacker Avraham Eisenberg illegally manipulating the collateral token prices to profit $114 million in just 20 minutes. Subsequently, the Mango community voted to approve a new proposal regarding the repayment of bad debt (Repay Bad Debt #2), allowing Avraham Eisenberg to keep $47 million as a bounty for the vulnerability, while the remaining $67 million in stolen tokens would be returned to Mango Labs, and Mango Markets would not pursue criminal charges in this case. (source link)

ChainCatcher news, according to Bloomberg, Mango Labs LLC has sued attacker Avraham Eisenberg in Manhattan. The trader made $114 million in 20 minutes by illegally manipulating the price of its cryptocurrency tokens on its exchange in October. Avraham Eisenberg agreed to return $67 million of that amount, while Mango seeks to recover the remaining funds.It is reported that Mango attacker Avraham Eisenberg was arrested in December in Puerto Rico and has been charged by the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission for manipulating the MNGO token. (Source link)

ChainCatcher news, encrypted KOL Autism Capital tweeted that the arrested Mango attacker Avraham Eisenberg is currently represented by a public defender (court-appointed lawyer) and has been charged in the Southern District of New York, but was arrested in Puerto Rico. Before he pleads guilty, the judge needs to issue an order to transfer him to the Southern District of New York. He also impersonated a Ukrainian woman during KYC.Earlier reports indicated that Avraham Eisenberg was arrested in Puerto Rico on Monday and faces charges of commodity fraud and commodity manipulation, which could result in fines and imprisonment. (source link)

ChainCatcher news, according to Forbes, after the FTX-Binance trading crash, the mastermind behind the Mango exploit, Avraham Eisenberg, increased his short position on Tether (USDT) to $173 million, nearly three times his previous short position.It is reported that Eisenberg used the Compound platform, with $20 million USDC as collateral, and borrowed $173 million worth of Tether. Avraham Eisenberg stated that he shorted Tether out of concern that it might lose its peg after the collapse of the cryptocurrency exchange FTX. (Forbes)

ChainCatcher news reports that, according to a tweet from Mango, the hacker has returned $67 million worth of crypto assets to the DAO as agreed. The community will discuss how to handle these assets on Monday at 15:00 UTC in the Mango Discord. Some developers have already started to take responsibility and are researching an algorithm to determine the refund amounts for the relevant accounts; they are also looking into a separate program to reallocate the funds. Mango stated that multiple DAO votes will take place next week to reach a consensus on the exact procedures and amounts. Some of these votes will last up to 72 hours.ChainCatcher previously reported that the Mango community voted yesterday to approve a new proposal, allowing the hacker to keep $47 million as a bounty for the exploit and return the remaining $67 million worth of stolen tokens. Mango token holders agreed to use treasury funds to repay the bad debts. Additionally, Avraham Eisenberg, the mastermind behind the Mango Markets exploit, confirmed his involvement in orchestrating the attack and claimed that all his actions were legal. (source link)

ChainCatcher news, according to The Block, Avraham Eisenberg, the mastermind behind the Mango exploit incident, released a statement confirming that he orchestrated the attack on Mango. Avraham Eisenberg stated, "Last week I joined a team executing a high-profit trading strategy. By using a designed protocol, I believe all our actions were legitimate public market actions, even if the development team did not fully anticipate all the consequences of setting the parameters in this way."Additionally, he declined to comment on the size of his team. It is reported that Avraham Eisenberg invested a total of $10 million and subsequently profited $114 million from Mango Markets. This "trade" manipulated the price oracle to triple the price of Mango Token, rising from $0.30 to $0.91. This increased the value of the collateral, allowing Eisenberg and his team to borrow more funds from the protocol.ChainCatcher reported yesterday that the Mango community voted to allow Eisenberg to keep $47 million while returning the remaining $67 million to the project. According to on-chain data, shortly after the voting began, Eisenberg returned tokens worth approximately $8 million. The remaining funds have now been returned to Mango Markets (on Solana and Ethereum chains), including $48 million in SOL, $10 million in USDC, and $90,000 in GMT. (source link)