
Mango Markets to Begin Returning Stolen Funds from $114 Exploit
Mango Markets saw $114 million worth of crypto stolen by a group of exploiters by manipulating the price of the DEX’s native token MNGO.
$0.0210
1H
-2.99%$0.0006
24H
-2.01%$0.0004
7D
2.03%$0.0004
30D
13.7%$0.0025
Mango Markets saw $114 million worth of crypto stolen by a group of exploiters by manipulating the price of the DEX’s native token MNGO.
Mango Markets will take a snapshot of the funds held by the victims one hour before the hack and repay them in the same proportion.
Avraham Eisenberg, who recently revealed himself as the Mango Markets exploiter, calls his strategy a “highly profitable” trading one.
The case grows more interesting as the exploiter has now suggested a governance proposal that will approximately give them $70 million in the form of a bounty reward.