Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

Mango Markets sues Avraham Eisenberg for $47M in damages plus interest


Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.

The Jan. 25 filing in the United States District Court for the Southern District of New York alleges Einseberg of exploiting its platform for millions of dollars worth of cryptocurrencies in October 2022.

It asks for $47 million in damages plus interest starting from the time of the attack.

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It also asked the court to rescind an agreement made between Eisenberg and Mango’s related DAO and declare it to be “invalid and unenforceable.”

Eisenberg (right) in an Oct. 28, 2022 episode of the Unchained podcast with journalist Laura Shin discussing his exploit of Mango Markets. Image: YouTube

The agreement was in relation to a governance proposal

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