Mango Market exploiter files to keep $47M bounty payment

2 years ago

Mango Markets’ exploiter Avraham Eisenberg has motioned the tribunal to let him to support the disputed $47 cardinal arsenic portion of his bounty outgo statement with the protocol.

Following the $114 cardinal Mango Markets’ hack connected Oct. 11, 2022, Avraham Eisenberg reached an agreement with the protocol to instrumentality up to $67 cardinal and support the remaining arsenic a bounty.

However, Mango Labs moved to record a question against Eisenberg, alleging that the colony statement was reached “under duress,” truthful invalid and unenforceable.

Lawyers defending Eisenberg filed a motion connected Feb. 15 to reason that the colony statement was enforceable and valid.

The lawyers argued that Mango Markets was not nether duress arsenic it took an extended clip to deliberate connected 2 proposals earlier yet approving the agreement.

Eisenberg did his portion and eligible Mango markets members received reimbursement from the Mango Markets treasury, the lawyers said.

Additionally, the lawyers argued that Eisenberg’s enactment had nary “irreparable harm” arsenic it took Mango Labs implicit 3 months earlier seeking a refund.

The lawyers claimed that Mango Labs was taking vantage of ongoing investigations by U.S. authorities to crook backmost connected the colony agreement.

Eisenberg is presently facing charges from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The station Mango Market exploiter files to support $47M bounty payment appeared archetypal connected CryptoSlate.

View source