Mango Markets exploiter sentenced to over 4 years on child porn charges
Avraham Eisenberg was sentenced to 52 months in prison for child pornography charges, unrelated to his involvement in the 2022 Mango Markets exploit that resulted in a $100 million loss. The sentencing occurred on May 1, 2024, in the US District Court for the Southern District of New York. Eisenberg had previously pleaded guilty to the child porn charge, with a separate sentencing for the fraud case pending. The Mango Markets exploit involved price oracle manipulation, leading to a significant drop in the exchange's native token, Mango (MNGO). Eisenberg claimed the exploit was a legal trading strategy and negotiated a settlement for user fund recovery. He was arrested in December 2022 and later convicted of wire fraud and commodities manipulation in April 2024. His defense argued the exploit was not a cybercrime, but prosecutors maintained that the conviction was supported by substantial evidence.
