Mango markets Explorer Avraham “AVI” Eisenberg could be confronted for more than six years in prison, because American prosecutors have insisted on a considerable punishment prior to his hearing on 1 May.
In a April 22 submitFederal Public Prosecutors told the court of the Arun Subramanian court that Eisenberg’s 2022 exploit of the Solana-based Defi-platform was not a smart arbitration, but a premeditated attack that threatened investors of more than $ 100 million.
“Fraud that costs more than $ 100 million from investors and effectively closing a company is a shocking violation of criminal law,” said the submission.
Public prosecutors are looking for a punishment of 78 to 97 months, about six and a half to eight years, stating both the seriousness of the fraud and the separate culprit plea of Eisenberg in an operating business for children. However, they emphasized that only the crypto-related crimes justify a substantial prison sentence.
Eisenberg was convicted in April for wire fraud, raw material fraud and market manipulation for manipulating the price of Mango’s governance token, MNGO and the use of bloated collateral to dispose of the treasury of the protocol.
Public Prosecutors claim that he used false identities and disguised his location, opened an FTX account using the passport of a Ukrainian woman and bypassing KYC checks on Ascendex by selecting a no-verification option and masking his IP as in Poland.
Furthermore, the submission pointed to disagreement chats where Eisenberg sketched its plans in advance and described how it would “buy a ton, to increase and borrow the price massively”, adding that “you don’t have to sell – you can just leave the loan.”
Although Eisenberg returned to about $ 67 million after a DAO mood, the government said it was condition that Mango Dao “extracts possible claims” and to refrain from pursuing criminal prosecution.
“This was not to give funds back in a real sense of the term,” said public prosecutors, the move to “a ransom memorandum.”
The submission also touched on how Eisenberg examined fraud laws before the attack and fled for hours to Israel after you were identified online. Later, on social media, he publicly defended his actions and claimed that trade was legal, although public prosecutors claim that he knew differently.
“The suspect knew that fraudulent market manipulation is illegal and that the cryptocurrency space was no exception,” they wrote.
In a separate victim impact statement submitted On the same day, lawyers who represent mangotem markets forced the court to order Eisenberg to pay $ 47 million back to refund, with the argument that the return of darkened funds is essential to make the community of the platform entirely.
“Although the Eisenberg attack cannot be undone, the return of the funds he darkened is crucial to rectify his error,” said the submission.
Mango markets were closed at the beginning of 2025 after a unanimous community vote, stating the long-term effect of the exploit and continuous legal fall-out.
