In recent years, manipulation and hack attacks in the crypto sector have increased; for instance, Mango Markets was one of the networks exploited in 2022, leading to a loss of $117 million. After the hack, the network recovered $67 million from the attacker named Avraham Eisenberg.
In a recent development, Avraham Eisenberg seeks to keep the remaining funds. Per his attorneys, the exploiter has settled with Mango Markets and should keep his share of the money under dispute.
Avraham Eisenberg Vs. Mango Markets Situation
Mango Markets has been at the neck of Avraham Eisenberg with four different lawsuits on the exploit he carried out. The fourth lawsuit on January 25, 2023, was to demand $47 million in interest and damages. The decentralized finance (DeFi) protocol also asked the court to declare its former agreement with Eisenberg invalid and unenforceable.
The agreement between the DAO and Eisenberg was to allow him to keep $47 million and also stipulated that Mango Markets won’t pursue any criminal charges against him. But in the January lawsuit, Mango Market argued that the attacker got the agreement under duress.
The details suggest Mango Markets passed a governance proposal after the exploit, allowing Eisenberg to keep $47 million of the funds without further legal action. The lawyer representing Eisenberg, claims the exploiter…
