A crypto trader who exploited code on the Mango Markets DeFi platform maintains that he only did what the code allowed him to do, and that “code is law”.
Arrested and accused
Cryptocurrency trader Avraham Eisenberg has been arrested in Puerto Rico and charged with fraud by the US Attorney’s Office in Manhattan in connection with his alleged exploitation of decentralised finance platform Mango Markets in October.
The trader is accused of using two accounts he controlled to manipulate the price of Mango perpetual swaps, which are futures that allow traders to keep their positions open, and then using the swaps to borrow and withdraw approximately $100 million worth of various tokens from the deposits of other investors on Mango Markets.
A legal trading strategy?
Despite the largely unregulated nature of DeFi, Eisenberg is facing legal consequences for his alleged fraudulent activities, which he had previously boasted about on social media as a „highly profitable” and legal tradin
We współpracy z: https://cryptodaily.co.uk/2022/12/mango-markets-hacker-claims-he-did-nothing-wrong
