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

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

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The US Securities and Alternate Commission has followed the Commodity Futures Trading Commission and others in submitting parallel charges in opposition to the crypto person allegedly in the abet of a multimillion-greenback exploit of decentralized alternate Mango Markets.

In a Jan. 20 gape, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, permitting him to snatch roughly $116 million price of cryptocurrency from the platform. In step with the complaint, Eisenberg allegedly done a chain of gargantuan MNGO purchases in expose to artificially lift 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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