Did Avraham Eisenberg orchestrate an attack on Mango markets?

The U.S. Securities and Exchange Commission on Friday charged DeFi trader Avraham Eisenberg with orchestrating an attack on Mango Markets by manipulating the crypto trading platform’s MNGO token and draining $116 million in crypto assets. The SEC contends that MNGO is a security.

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.

Who is Avraham Eisenberg?

The U.S. Securities and Exchange Commission charged Avraham Eisenberg, who is known as Mango Avi, with orchestrating an attack on Mango Markets and draining $116 million from the crypto trading platform. The SEC said Eisenberg manipulated the MNGO token, a governance token that the SEC said was offered and sold as a security.

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.