Summary: <\/p>\n\n\n\n
The accused Mango Markets\u2019 exploiter Avraham Eisenberg launched<\/a> legal efforts to retain $47 million in digital assets hacked from the DeFi platform back in October 2021. Eisenberg\u2019s legal representative argued that both parties agreed on the funds to be returned and the assets to be kept by the alleged hacker, per a court filing on Wednesday. <\/p>\n\n\n\n Mango Markets, a decentralized exchange developed by Mango Labs, was hacked for roughly $114 million in October. Avraham Eisenberg then admitted to the exploit a few days later on Twitter. Eisenberg claimed that he and his team deployed \u201ca highly profitable trading strategy\u201d, suggesting that he gamed the protocol rather than hacked the DEX. <\/p>\n\n\n\n At the time, Mango Markets agreed to let Eisenberg and his team keep a portion of the stolen funds. The decentralized autonomous organization (DAO) that governs Mango\u2019s exchange reportedly passed a vote to this effect amid the debacle. <\/p>\n\n\n\n Eisenberg and his team would return $67 million out of the $114 million stolen from the platform as part of a settlement agreement. In return, the self-acclaimed \u201cgame theorist\u201d would get to keep $47 million of the loot along with his unidentified co-conspirators. <\/p>\n\n\n\n The alleged hacker was later arrested<\/a> in December in connection to the incident. Prosecutors from the U.S. Commodity Futures Trading Commission<\/a> and the Department of Justice charged Eisenberg with market manipulation, commodities fraud, and commodities manipulation. <\/p>\n\n\n\nThe Hack<\/h2>\n\n\n\n
Mango Markets Sues Eisenberg For $47 Million, Hacker Files Counter Claims<\/h2>\n\n\n\n