Prosecutors seek over 6 years prison for Mango Markets exploiter
Summary
US federal prosecutors are seeking a prison sentence of 78 to 97 months for Avraham “Avi” Eisenberg, convicted of a $110 million exploit of Mango Markets. The sentencing hearing is set for May 1, 2024. Prosecutors argue the sentence should reflect the severity of Eisenberg's crimes, including wire fraud and child pornography possession, and serve as a deterrent. Mango Markets, which announced its shutdown in January 2023, is requesting $47 million in restitution to recover losses from the exploit. Eisenberg has returned approximately $67 million but retains over $40 million. His sentencing has faced multiple delays due to complex legal issues.