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

The Commodity Futures Trading Commission (CFTC) followed up on the FBI’s charges on Jan. 9, pinning Eisenberg with two counts of market manipulation.

On Jan. 20 the Securities and Exchange Commission (SEC) dealt a further blow to Eisenberg with charges of violations relating to anti-fraud and market manipulation provisions of U.S. securities laws.

Mango Labs suit claimed Eisenberg “is a notorious online personality” with “a history of attacking multiple cryptocurrency platforms and manipulating cryptocurrency markets.”

Eisenberg has attempted to exploit other protocols, he used a slew of sophisticated shorts on Nov. 22 attempting to exploit the DeFi protocol Aave.

Attorneys retained by Mango Labs did not immediately respond to a request for comment. Mango Markets could not be reached for comment.