🔔Important news from the world of cryptocurrency! Digital finance icon Abraham "Avi" Eisenberg has been found guilty of a major security breach at Mango Markets, where more than $110 million was stolen.

🔍In October 2022, Eisenberg injected $5 million of the USDC stablecoin into Mango Markets, manipulating the price of the MNGO token and causing it to rise 1000% in an hour. This allowed him to borrow and withdraw additional tokens, creating a significant debt deficit for the platform.

🏛️The court found his actions fraudulent, despite his claims that it was a legitimate trading strategy. As a result, Mango Markets lost about $116 million.

📈However, the price of MNGO is now up 14% in the last 24 hours and stands at $0.0289, according to CoinGecko.

👇Let's discuss in the comments: what consequences do you think this will have for the cryptocurrency industry?