SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

by Aurelia Butler 20 January 2023, 21:00 199 Views

In a Jan. 20 notice, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, allowing him to steal roughly $116 million worth of cryptocurrency from the platform. According to the complaint, Eisenberg allegedly executed a series of large MNGO purchases in order to artificially raise the price of the token relative to USD Coin (USDC), then drained the assets from Mango Markets.

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Source: Cryptocurrency - investing.com

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SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

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