$114M Mango Markets Exploiter Outs Himself, Returns Most of the Money

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 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:

I was involved with a team that operated a highly profitable trading strategy last week.

— Avraham Eisenberg (@avi_eisen) October 15, 2022

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