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The U.S. Commodity Futures Trading Commission (CFTC) brought manipulation charges against Mango Markets exploiter Avraham Eisenberg on Monday, after the Department of Justice arrested him last week. Source
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Avraham Eisenberg can’t be released on bail because he faces a mammoth prison sentence for the $110 million exploit in October, a Puerto Rico judge said Original Source
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In a new update to the Mango Markets exploit saga, the United States District Court for the District of Puerto Rico has issued an order of detention to the infamous Mango Markets exploiter Avraham Eisenberg.After holding a detention hearing, United States Magistrate Judge Bruce McGiverin decided that it was necessary
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Eisenberg was arrested by the DOJ because the regulator believes no act of market manipulation can be justified by law.Authorities from the United States have arrested Avraham Eisenberg, the alleged hacker of the Mango Markets Decentralized Exchange (DEX). According to a report by The Block, Federal prosecutors from the Justice
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The crypto trader behind the $110 million exploit of decentralized exchange Mango Markets has been arrested in Puerto Rico — and charged with market manipulation and fraud.According to a previously sealed complaint filed with the Southern District of New York made public on Dec. 27, the Federal Bureau of Investigation
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According to the unsealed complaint, Eisenberg manipulated the price of perpetuals contracts (a type of futures contract popular in crypto markets) for Mango Markets’ native token MNGO. He sold massive amounts of MNGO perpetuals contracts to himself, thus pumping the price of those contracts 1,300% in under an hour. Source
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According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10, 5. The hacker burned a little over 3 million in GLP, their profit on this exploit was the stolen funds on Lodestar - minus the GLP they burned.6. 2.8 Million of
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The trader, identified on Twitter and tagged by blockchain analysts as Avraham Eisenberg, borrowed 40 million Curve (CRV) tokens (worth $20 million at the time) using the decentralized lending platform Aave, then transferred them to the OKEx crypto exchange. Original Source
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As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance
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It would seem that the hackers used an “oracle price manipulation” tactic in the exploit on the Solana-based DeFi network, as indicated by a tweet sent by the official account for the Mango cryptocurrency exchange.In mid-October, traders took advantage of a vulnerability in the decentralized finance (DeFi) trading platform Mango
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