Mango Markets to Begin Returning Stolen Funds from $114 Exploit
By Kofi Ansah
October 20th, 2022
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.
$0.0000
1H
0.00%$0.0000
24H
0.00%$0.0000
7D
0.00%$0.0000
30D
0.00%$0.0000
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.