Share this article
$114M Mango Markets Exploiter Outs Himself, Returns Most of the Money
Avraham Eisenberg defended his actions after returning $67 million. The Mango DAO plans to vote on how to divvy up the funds next week.
Updated May 9, 2023, 3:59 a.m. Published Oct 15, 2022, 7:10 p.m.
Avraham Eisenberg, who says he's part of a group that drained $114 million from decentralized crypto exchange Mango Markets last week, returned $67 million to the Solana-based decentralized finance (DeFi) hub on Saturday as he defended his actions – which some have called an exploit – as both legal and highly lucrative.
Statement on recent events:
— Avraham Eisenberg (@avi_eisen) October 15, 2022
I was involved with a team that operated a highly profitable trading strategy last week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Today's tweets from Eisenberg – who was accused this week of being the Mango exploiter after allegedly executing similar attacks in the past – mark the first time he has publicly acknowledged his role in the exploit. “I believe all of our actions were legal,” he tweeted.
Mango Markets said in a tweet that its decentralized autonomous organization (DAO) community would vote in the coming days to decide how to divvy up the returned funds. Mango’s thread did not lay out a timeline for refunds but said there would be “multiple DAO votes next week.”
Read more: How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango
“Everything has to go through DAO proposals,” Daffy Durairaj, co-founder of Mango Markets, wrote in the project's Discord. “My personal goal is to make depositors whole and that's what I'll aim towards. But the mix of tokens and positions everyone had might be different”
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
