Exploiter Of Highly Profitable Trading Strategy Arrested In Puerto Rico
A few months can feel like a lifetime in crypto. However, it probably hasn‘t felt like long enough for Mango Markets exploiter Avraham Eisenberg, who was taken into custody in Puerto Rico this week. Eisenberg gained notoriety on crypto Twitter after describing his nine-figure exploit of the Solana-based protocol as “a highly profitable trading strategy.” On Twitter and across other outlets, Eisenberg was insistent that his exploit was simply taking advantage of the protocol’s code, and that his actions werent illegal or even immoral. However, U.S. federal prosectors seem to disagree. Noong Oktubre, Eisenberg exploited Solana-based Mango Markets and made headlines not just for the exploit – which was essentially a ‘looping’ exploit, manipulating the price of the MNGO token – but also for the outlandishly-sized ‘bug bounty’ that Eisenberg managed to walk away with. Bug bounties are commonplace for exploiters – often ‘white hat’ exploiters who look to take advantage of code for the ‘better of society’ – but never have While Eisenberg attempted to include language in a Mango protocol proposal that could shield him from “criminal investigations,” that didnt slow the U.S. DoJ and FBI from looking into his activity. At the time of our October publishing on the matter,