[ccpw id="5"]

.

HomeNewsMango Markets Attacker Arrested

Mango Markets Attacker Arrested

-

Alleged market manipulation in Puerto Rico Mango MarketsThe scammer was arrested.

Solana DeFi Platform Mango Markets suffered a $100 million hack in October. The attacker started moving the Mango spot market price, pushing the price up to $0.91. In addition, the value of 483 million MNGOs saw 423 million dollars. The attacker then took out a $116 million loan, leaving Mango’s treasury with a negative balance of -116.7 million dollars. The attacker was arrested on charges of commodity fraud and commodity manipulation.

Arrest Verdict for Mango Markets Attacker

The US Department of Justice has arrested Avraham Eisenberg, who emerged as a Mango Markets abuser in October.

Federal authorities arrested Avraham Eisenberg in Puerto Rico for abusing decentralized exchange Mango Markets, and he has filed charges against him in the U.S. District Court for the Southern District of New York.

Eisenberg led a team to exploit Mango Markets for $114 million in October by manipulating the price of the exchange’s native token, MNGO, according to the affidavit against him. By buying a large position on MNGO, Eisenberg inflated the price of this token by 1,300 percent, allowing him to borrow other tokens with larger market caps and more stable values ​​through the same platform with no intention of paying back.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Bitcoin is in the Risk Zone! April 1 Bitcoin (BTC) Analysis

The selling pressure that came with Bitcoin exceeding $ 29 thousand pushed the crypto investor to indecision, how is BTC progressing?

Today’s Most Depreciating Altcoins – April 1, 2023

After the volatile movements of the crypto market, sharp decreases were also observed in altcoins, we have compiled today's most falling altcoins.

Silicon Valley Bank (SVB) Statement from ChatGPT CEO!

Sam Altman, CEO of Open AI, the firm behind text-based artificial intelligence (AI) platform ChatGPT, made some striking comments for SVB.

What’s Happening in Ripple (XRP)? It Dropped 15 Percent in a Short Time!

Developments in the Ripple (XRP)-SEC case seriously priced XRP, the 15 percent drop in the last days scared the XRP investor.

Follow us

0FansLike
3,757FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img