Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’

The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is seeking to keep his share of crypto gained from his so-called “highly profitable trading strategy.”

On Feb. 15, attorneys for Eisenberg

Eisenberg was charged by the Federal Bureau of Investigation with commodities fraud and manipulation.

He also faces a lawsuit from the U.S. Commodity Futures Trading Commission that alleges market manipulation and a suit from the Securities and Exchange Commission for violating securities laws relating to anti-fraud and market manipulation.

Eisenberg has previously stated his trades on Mango were “legal open market actions, using the protocol as designed,” and called his purported attack a “highly profitable trading strategy.”