Avraham Eisenberg was convicted of greater than 4 years for sexual abuse for sexual abuse of youngsters, which had not dealt together with his role within the exploit of 2022, which drained the decentralized exchange mango markets of around 100 million US dollars.
According to the reporting of Inner City Press, a judge Eisenberg sentenced to 52 months in prison at a hearing on May 1st in front of the US district court for the southern district of New York. The case was submitted in April 2024 in accordance with Eisenberg's charges against fraud for the 2023 mangom markets.
Eisenberg should initially be convicted in July 2024 after he found the indictment guilty for kids's porn. In May 2024, the judge proposed that the conviction in each cases would also occur in a consolidated procedure. From May 1st, nonetheless, the fraud assessment will remain outstanding.
The law enforcement within the Mango markets case reflects the growing probability of fear of hackers and cyber security, which the crypto industry plague with malicious attacks on platforms and users.
The case of Avraham Eisenberg
Mango Markets, a former decentralized crypto exchange, was exploited in October 2022 by price manipulation by Price Oracle, which lost $ 100 million to user funds because the result.
The home bearer of the Exchange, Mango (Mngo), also sank immediately after the hack, which took 52% of their value inside 24 hours and directed the Mango Markets team to issue deposits.
Eisenberg defended the exploit and argued that the raid of $ 100 million was carried out by “legal motion measures” and claimed that he had negotiated an agreement on the return of user funds after the Exchange insurance fund didn’t cover the deficit.
In December 2022, the US state authorities arrested Eisenberg in Puerto Rico. The FBI officers accuse the hacker of quite a few raw material fraud and quite a few manipulations of products.
A jury was guilty for Eisenberg in April 2024 for wire fraud, raw material fraud and raw materials. The defense argued that exploit was not a cybercrime and was a “successful and legal trade strategy”.
After the conviction, the lawyers of the Mango markets submitted an acquisition application in September 2024, which strongly contradicted US public prosecutors who argued that Eisenberg had been appropriately convicted by careful evaluation of a “mountain of evidence”.
