Mango Market's Attacker Arrested in Puerto Rico
Self-doxxed trader behind the $110M Mango Market exploit Avraham Eisenberg is now in the custody of law enforcement agents. Eisenberg’s arrest came on allegations of commodities fraud alongside manipulation to cart off over $100M worth of crypto from the aforementioned platform. Eisenberg Charged with Market Manipulation Per a filing from the United States Attorney Southern District of New York (SDNY), the arrest took place in Puerto Rico. This was on Monday, December 26th. An unsealed criminal complaint on Tuesday alleged that Eisenberg raised the Mango Market exchange rate by 1,300%. He then reportedly borrowed and withdrew assets in under 20 minutes using the inflated swap rate. Additionally, the complaint asserted that the crypto trader “willfully and knowingly” influenced the sale of a commodity. The commodities in question are future contracts on decentralized finance protocol Mango Markets. As stated earlier, Eisenberg is facing market manipulation charges, possibl...