Mango Markets Hack: Parent Company Files Lawsuit Against Perpetrator


Mango Markets is a DeFi platform based in Solana that trades digital assets for spot margin and trading perpetual futures.

It was the target of an exploit hack in October 2022. By manipulating the DeFi protocol’s collateral, the attacker was able to steal more than $100 million from it and obtain a significant amount of loans from the Mango Treasury. The Mango Treasury suffered a substantial loss of money as a result. 

Here’s a new update on the Mango Markets hack. 

Mango out to sue 

Mango Labs LLC has filed a lawsuit against the trader who reportedly made $114 million in 20 minutes by fraudulently manipulating the price of its cryptocurrency tokens on its exchange in October. Mango Labs claimed in its federal action, filed on January 25, that the hacker, Avraham Eisenberg, has consented to repay $67 million of the illegally obtained assets. However, Mango Labs now demands the remaining funds as well.

In just 20 minutes, Eisenberg was able to drive the price of the swaps up by 1300% and profit. As a result, Mango Markets was forced to suspend operations the day after the…

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