SEC costs Mango Markets exploiter for allegedly stealing $116M in crypto

SEC costs Mango Markets exploiter for allegedly stealing $116M in crypto

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The United States Securities and Switch Commission has adopted the Commodity Futures Shopping and selling Commission and others in filing parallel costs against the crypto person allegedly in the wait on of a multimillion-greenback exploit of decentralized swap Mango Markets.

In a Jan. 20 stamp, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, allowing him to steal roughly $116 million price of cryptocurrency from the platform. In preserving with the complaint, Eisenberg allegedly accomplished a series of mighty MNGO purchases in dispute to artificially raise the price of the token relative to USD Coin (USDC), then drained the resources from Mango Markets.

<em>Source: <span>Twitter</span></em>

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