
Tags: Mango Markets
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Crypto Exchange Mango Dealing with Surging Legal Costs, a Year After $100 Million Market Manipulation Exploit
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Mango Markets Manipulation: Trader Avraham Eisenberg To Stand Trial in December for $100 Million Crypto Scam
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Mango Markets will rollout its v4 rollout with a series of new security features.
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Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Avraham Eisenberg, the alleged Mango Markets exploiter, could impact how DAOs implement their legal and governing structures in the future.
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Avraham Eisenberg has publicly admitted to draining $116 million from the crypto exchange.
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Avraham Eisenberg lost his gamble in more ways than one.
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The latest price moves in crypto markets in context for Jan. 27, 2023.
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Developers behind the Solana-based crypto exchange aren‘t letting a little scrutiny from federal regulators stop Mango Markets.
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Mango Markets wants its money back after losing $114 million in October.
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DOJ arrested Avraham Eisenberg last year on similar charges.
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Avraham Eisenberg can’t be released on bail because he faces a mammoth prison sentence for the $110 million exploit last October, a Puerto Rico judge said.
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Federal agents were not a fan of Avraham Eisenberg’s “highly profitable trading strategy.”
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