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MANGO MARKETS HACKED FOR $114M‼️ 💥 Did you know that on October 13, 2022, the boldest and most “legal” exploit in DeFi history took place—the $114 million Mango Markets hack?
Trader Avraham Eisenberg manipulated the price of the #MNGO token on the Mango Markets platform (the Solana $SOL blockchain), draining $114 million from the protocol. The most interesting part is that he didn’t hide; he openly stated that his actions were a “highly profitable trading strategy” permitted by the code. This later led to his arrest in the U.S. on charges of commodities market fraud.
MANGO MARKETS HACKED FOR $114M‼️
💥 Did you know that on October 13, 2022, the boldest and most “legal” exploit in DeFi history took place—the $114 million Mango Markets hack?
Trader Avraham Eisenberg manipulated the price of the #MNGO token on the Mango Markets platform (the Solana $SOL blockchain), draining $114 million from the protocol. The most interesting part is that he didn’t hide; he openly stated that his actions were a “highly profitable trading strategy” permitted by the code. This later led to his arrest in the U.S. on charges of commodities market fraud.
Trader Avraham Eisenberg manipulated the price of the #MNGO token on the Mango Markets platform (the Solana $SOL blockchain), draining $114 million from the protocol. The most interesting part is that he didn’t hide; he openly stated that his actions were a “highly profitable trading strategy” permitted by the code. This later led to his arrest in the U.S. on charges of commodities market fraud.
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