Mango Markets
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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
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The US financial regulator is going after Eisenberg for his alleged participation in a $100M hack on DeFi platform Mango Markets
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If found guilty, Eisenberg would go down as the first US citizen convicted for exploiting a DeFi platform
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Although Eisenberg came to an arrangement with Mango Markets to return some $67 million, the $110 million exploit is now being treated as theft
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Following a claim of responsibility, debates rage on Twitter as to the ethics and legality of the endeavor
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A group claiming responsibility for removing $112 million from Mango Markets last week called it a “highly profitable trading strategy”
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