The Mango Markets hacker claimed everything he and his supposed team did was legal and a part of a profitable trading strategy.
With October becoming one of the worst months in terms of hacks against crypto platforms, Mango Markets – a Solana-based DeFi project – stood out with an exploit worth about $115 million.
Both parties sat at the online negotiation table after the hack, with the attacker proposing to erase all the bad debts. This was voted against by the community, even though the hacker had obtained a massive portion of the protocol’s governance token MNGO and voted in favor of their own proposition. But to set expectations clear, there should be multiple DAO votes next week, to agree on the exact procedure and amounts. Some of them will require 72hours of voting time.It’s worth noting that Mango’s native token plunged following the hack by more than 50% in hours, from $0.04 to under $0.02. As of now, it trades inches above the latter.While the community insists that what happened to Mango Markets was indeed an exploit , the attacker doesn’t believe so.
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Mango Markets Community Counters Expoiter’s Settlement OfferThe community of Solana-based DeFi platform Mango has approved a counteroffer to its exploiter mikeybellusci and thesamreynolds report
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Mango Markets exploiter comes clean, claims all actions were legalAvraham Eisenberg has confirmed that he was behind the attack on Mango Markets that drained $114 million from the platform.
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Mango Markets community set to approve $47 million deal with hackerThe Mango Markets DAO is voting in favor of letting the hacker return half the funds in exchange for no criminal prosecution.
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$114M Mango Markets Exploiter Outs Himself, Returns Most of the MoneyJUST IN: $67 million returned from mangomarkets exploit as avi_eisen tweets he was behind the incident. 'I believe all of our actions were legal.' realDannyNelson and skesslr report
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Mango hack drama and other major crypto stories of the past weekIt was a packed week in the crypto news cycle that included multiple hacks, a huge bounty and the SEC probing a major NFT company.
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Mango Market's DAO forum set to approve $47M settlement with hackerWith more than 98% of tokens voting in favor of the deal, the hacker appears likely to keep $47 million as a bug bounty.
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