{"id":299852,"date":"2023-02-16T10:20:21","date_gmt":"2023-02-16T10:20:21","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=299852"},"modified":"2023-02-16T10:17:22","modified_gmt":"2023-02-16T10:17:22","slug":"mango-market-exploiter-files-to-keep-47m-bounty-payment","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/mango-market-exploiter-files-to-keep-47m-bounty-payment\/","title":{"rendered":"Mango Market exploiter files to keep $47M bounty payment"},"content":{"rendered":"

Mango Markets'<\/a> exploiter Avraham Eisenberg has motioned the court to allow him to keep the disputed $47 million as part of his bounty payment agreement with the protocol.<\/p>\n

Following the $114 million Mango Markets' hack on Oct. 11, 2022, Avraham Eisenberg reached an agreement<\/a> with the protocol to return up to $67 million and keep the remaining as a bounty.<\/p>\n

However, Mango Labs moved to file a motion against Eisenberg, alleging that the settlement agreement was reached “under duress,” therefore invalid and unenforceable.<\/p>\n

Lawyers defending Eisenberg filed a motion<\/a> on Feb. 15 to argue that the settlement agreement was enforceable and valid.<\/p>\n

The lawyers argued that Mango Markets was not under duress as it took an extended time to deliberate on two proposals before finally approving the agreement.<\/p>\n

Eisenberg did his part and eligible Mango markets members received reimbursement from the Mango Markets treasury, the lawyers said.<\/p><\/blockquote>\n

Additionally, the lawyers argued that Eisenberg's action had no “irreparable harm” as it took Mango Labs over three months before seeking a refund.<\/p>\n

The lawyers claimed that Mango Labs was taking advantage of ongoing investigations by U.S. authorities to turn back on the settlement agreement.<\/p>\n

Eisenberg is currently facing charges from the U.S. Securities and Exchange Commission (SEC)<\/a>\u00a0and the\u00a0Commodity Futures Trading Commission (CFTC).<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mango Markets’ exploiter Avraham Eisenberg has motioned the court to allow him to keep the disputed $47 million as part of his bounty payment agreement with the protocol. Following the $114 million Mango Markets’ hack on Oct. 11, 2022, Avraham Eisenberg reached an agreement with the protocol to return up to $67 million and keep […]<\/p>\n","protected":false},"author":1378,"featured_media":299883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16041,60793],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nMango Market exploiter files to keep $47M bounty payment<\/title>\n<meta name=\"description\" content=\"Lawyers defending Avraham Eisenberg argued that Mango DAO was not under duress \u2014 taking an amount of extended time to consider the proposals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/mango-market-exploiter-files-to-keep-47m-bounty-payment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mango Market exploiter files to keep $47M bounty payment\" \/>\n<meta property=\"og:description\" content=\"Lawyers defending Avraham Eisenberg argued that Mango DAO was not under duress \u2014 taking an amount of extended time to consider the proposals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/mango-market-exploiter-files-to-keep-47m-bounty-payment\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T10:20:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-16T10:17:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/mango-market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/mango-market-exploiter-files-to-keep-47m-bounty-payment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/mango-market-exploiter-files-to-keep-47m-bounty-payment\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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