Cryptocurrency

US Court orders detention of Mango Markets exploiter over flight risk

Hull Invest

The United States District Court detention Mango Markets exploiter Avraham Eisenberg has expressed concern that he may flee before the trial is over.

Avraham Eisenberg was arrested on Dec. 27 on suspicion of stealing approximately $110 million worth of assets by exploiting Mango Markets. Defendant has publicly admitted to carrying out the attack.

Before being arrested, Eisenberg reportedly left the United States for Israel in an attempt to avoid prosecution.

According to December 4th Court submissionEisenberg was previously convicted of criminal offenses and committed mango market exploits while out on bail.

As a result, the district court ordered Eisenberg remanded to prison to ensure he did not escape before the trial was completed.

The court added that Eisenberg’s background information was not verified, making it difficult to track him down if he fled.

The Mango Markets exploiters have been remanded into custody of U.S. Attorney Damian Williams. He oversees his imprisonment and plans to bring him to trial at the court’s request.

After the exploit, Eisenberg reportedly returned about $67 million to the Mango DAO. Up to $40 million remains missing, according to court filings.

As a result, if convicted, Eisenberg could face up to 20 years in prison.

Posted In: United States, Crime, DeFi

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