Did Eisenberg steal $116 million from mango markets?

According to the SEC’s complaint, beginning on October 11, 2022, Eisenberg engaged in a scheme to steal approximately $116 million worth of crypto assets from the Mango Markets platform.

Did Avraham Eisenberg orchestrate an attack on a crypto asset trading platform?

The Securities and Exchange Commission today charged Avraham Eisenberg with orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token, a so-called governance token that was offered and sold as a security.

Did Eisenberg use his Mngo perpetual futures position to drain crypto assets?

According to the complaint, Eisenberg used the increased value of his MNGO perpetual futures position to borrow and withdraw approximately $116 million worth of various crypto assets from Mango Markets, effectively draining all available assets from the Mango Markets platform.

Did Avraham Eisenberg drain $116 million from CoinDesk?

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions Avraham Eisenberg has publicly admitted to draining $116 million from the crypto exchange. Mango Markets crypto trader and alleged manipulator Avraham Eisenberg waived bail at his first hearing in U.S. District Court in New York on Thursday.