61.3K @belizardd Most of you forget (and sometimes forgive) pretty much everything in crypto because you inherently have a high pain tolerance as investors.
Avi Eisenberg (Mango & child pornography)
Sisyphus (AnubisDAO)
Derivatives Monke (Zkasino)
Kook, James Wynn (average KOLs)
Rushi Manche (Movement Labs)
Hayden Davis (MELANIA, LIBRA, etc.)
Frankdegods
Pacmanblur, Racer (Blast, friendtech)
Machi Big Brother (fund issues)
Ben Pasternak
Neel Somani
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52.4K @rugpullfinder 🧵 How one trader drained $100M from DeFi… without hacking anything
1/
In 2022, Mango Markets lost $100M+.
No exploit.
No bug.
No stolen keys.
Just… a better understanding of the rules than everyone else. https://t.co/DcW7Wqn1ig
52.4K @rugpullfinder 2/ The trader: Avraham Eisenberg
His strategy?
Make the protocol lie to itself. https://t.co/YrsGysEOG3
52.4K @rugpullfinder 3/ Mango used its own token (MNGO) as collateral.
And priced it using markets… that you could trade on.
See the problem? https://t.co/7rPpSTkpcX
52.4K @rugpullfinder 4/ Eisenberg deposited ~$5M.
Then went max long on MNGO.
Price started pumping. Fast. https://t.co/FAOaRaCJA8
52.4K @rugpullfinder 5/ Here’s the trick:
The higher MNGO went → The richer his account looks → The more he could borrow.
Paper gains became real money. https://t.co/xPxjFeNCJP
52.4K @rugpullfinder 6/ He didn’t need to break the system.
He just made it believe he was insanely rich. https://t.co/RBdGYmFMJA
52.4K @rugpullfinder 7/ Then he borrowed everything he could.
~$110M+ gone.
According to Avi it was a “highly profitable trading strategy.”
52.4K @rugpullfinder 8/ Afterwards?
Regulators called it fraud.
The CFTC stepped in.
52.4K @rugpullfinder No code exploit. No backdoor.
He just found a system where:
You could pump your own collateral…
And the protocol would trust you.
That’s a vulnerability.
"Code is Law" or "Exploited" in your opinion?
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74.2K @Crypto_Jargon 🚨AVI EISENBERG IS BACK..
In 2022 he exploited Mango Finance for $110 million in one of the most audacious DeFi heists ever..
His name is Avraham “Avi” Eisenberg..
He deposited just $5M in USDC into two accounts on Mango Markets.. Created massive offsetting long and short positions in $MNGO perpetuals.. Then manipulated the price oracle by buying huge volumes of $MNGO on FTX, AscendEX and Serum.. Inflated the token price by over 1,300% in minutes.. Used the fake collateral to borrow over $110M.. Dumped the $MNGO.. Crashed the price.. And walked away with the funds..
He openly threa,tened to attack Aave next..
Then he tried to liquidate @newmichwill on Curve.. But got liquidated himself instead..
After that, he went to prison..
Now his on-chain address just signed a fresh transaction..
Lookonchain and Arkham are lighting up.. The same wallet tied to the original $110M exploit is active again..
This is the guy who called the Mango exploit a “successful and legal trading strategy.”.. The guy who returned only $67 million in a DAO settlement while keeping the rest.. The guy whose moves nearly caused cascading liquidations across multiple protocols..
He spent years behind bars..
But today his address is moving..
Is Avi Eisenberg back in the game?
When the most notorious DeFi exploiter in history reappears on-chain.. The entire crypto market holds its breath..
This is the most insane comeback story in DeFi.. And it’s happening right now..
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