logo

Mango Markets Hacker Sentenced for Separate Criminal Charges

By: cryptodnes bg|2025/05/03 16:30:01
0
Share
copy
Avraham Eisenberg, known for orchestrating the 2022 Mango Markets exploit, has been handed a 52-month prison sentence—but not for his crypto-related activities. The punishment stems from a separate case involving child sexual abuse material, with sentencing finalized on May 1 in a New York federal court. While this verdict concludes one legal battle, another looms. Eisenberg still awaits sentencing for the high-profile crypto hack, which saw Mango Markets drained of $100 million after a price manipulation scheme. Though both cases were expected to be addressed together, only the child exploitation charges have reached resolution. In the crypto case, Eisenberg argued that his actions were legal market tactics, not criminal behavior. Nonetheless, a jury convicted him in April 2024 of wire fraud and market manipulation. Authorities dismissed his defense, citing extensive evidence. His legal team pushed for an acquittal months later, but prosecutors stood firm. Mango’s collapse was swift: its token plunged, deposits were frozen, and user losses mounted. The case became a cautionary tale as regulators ramped up efforts to rein in financial exploits in decentralized systems.

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Popular coins

Latest Crypto News

22:42

Aave submitted a governance proposal to the Arbitrum DAO, requesting the release of frozen ETH to be injected into DeFi United

According to official news, after discussions with multiple stakeholders, Aave service providers, ether.fi, KelpDAO, and other projects have submitted a governance proposal to the Arbitrum DAO, requesting the release of ETH that was frozen by the Arbitrum security committee after the rsETH incident ...
ARBARB
--
AAVEAAVE
--
ETHFIETHFI
--
22:42

Drift product manager: planning to relaunch the forked trading platform in May or June

Minh Don, the product lead of Drift, stated on its official Discord that it will take a few weeks to optimize the codebase, remove and add some small but impactful features, and plans to relaunch its forked exchange in May or June this year.Previously, Drift Protocol suffered losses exceeding $285 m...
DRIFTDRIFT
--
22:42

Data: If BTC breaks through 81,187 USD, the cumulative short liquidation intensity on major CEX will reach 1.011 billion USD

According to Coinglass data, if BTC breaks through $81,187, the cumulative short liquidation intensity on mainstream CEX will reach $1.011 billion. Conversely, if BTC falls below $74,235, the cumulative long liquidation intensity on mainstream CEX will reach $1.011 billion.
22:42

Data: If ETH falls below $2,210, the cumulative long liquidation intensity on major CEX will reach $632 million

According to Coinglass data, if ETH falls below $2,210, the cumulative long liquidation intensity on mainstream CEX will reach $632 million. Conversely, if ETH breaks above $2,422, the cumulative short liquidation intensity on mainstream CEX will reach $620 million.
21:42

Data: The current whale position on the Hyperliquid platform is 3.525 billion USD, with a long-short position ratio of 1.03

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.525 billion, with long positions totaling $1.787 billion, accounting for 50.69% of the holdings, and short positions totaling $1.738 billion, accounting for 49.31%. The profit and loss for long positions...
HYPEHYPE
--
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com