{"id":37576,"date":"2022-12-28T01:33:18","date_gmt":"2022-12-28T01:33:18","guid":{"rendered":"https:\/\/lydian.io\/?p=37576"},"modified":"2022-12-28T01:33:19","modified_gmt":"2022-12-28T01:33:19","slug":"mango-markets-exploiters-arrested-for-fraud","status":"publish","type":"post","link":"https:\/\/lydian.io\/mango-markets-exploiters-arrested-for-fraud\/","title":{"rendered":"Mango Markets exploiters arrested for fraud","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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The crypto dealer behind the $110 million exploit of decentralized alternate Mango Markets has been arrested in Puerto Rico \u2014 and charged with market manipulation and fraud.<\/p>\n
Based on a beforehand sealed Complaint<\/a> The Federal Bureau of Investigation (FBI), filed with the Southern District of New York and launched Dec. 27, has charged Avraham Eisenberg with fees of \"commodity fraud\" and a cost of \"commodity manipulation\" in connection together with his exploitation of the mango Markets nailed down. <\/p>\n Eisenberg's exploit of Mango Markets on October 11 labored by manipulating the worth of the platform's native token MNGO and artificially inflating its value relative to USD Coin (USDC). <\/p>\n Eisenberg and his group then took out \"large loans\" towards his inflated collateral, draining Mango's treasury of round $110 million in numerous cryptocurrencies. <\/p>\n