Mango Markets
The DAO’s settlement offer includes destroying its MNGO holdings and ceasing all sales of tokens
Mango Markets exploiter Avraham Eisenberg’s prosecution sends a warning to attackers, while US sanctions against Tornado Cash raise risks for laundering stolen funds, according to TRM Labs
The US financial regulator is going after Eisenberg for his alleged participation in a $100M hack on DeFi platform Mango Markets
If found guilty, Eisenberg would go down as the first US citizen convicted for exploiting a DeFi platform
Although Eisenberg came to an arrangement with Mango Markets to return some $67 million, the $110 million exploit is now being treated as theft
Following a claim of responsibility, debates rage on Twitter as to the ethics and legality of the endeavor
A group claiming responsibility for removing $112 million from Mango Markets last week called it a “highly profitable trading strategy”
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