The Mango Market Attacker does not care about false “premises” behind some of the criticism he’s received for his recent actions.
Avraham Eisenberg, better known as the Mango Market Attacker, recently spoke with Laura Shin on her Unchained podcast, discussing his perspective about the recent hack.
Earlier this month, Eisenberg and his team manipulated the DeFi trading platform Mango Markets, managing to extract some $140 million.
Essentially, Eisenberg took out a loan, then through a separate account, drove up the price of the collateral. Consequently, this enabled him to take out much larger loans, which subsequently drained the platform of liquidity.
Eisenberg then negotiated a settlement with the platform, enabling users to withdraw their funds, despite the platform becoming insolvent. As part of the settlement, Eisenberg and his team walked away with some…
