Mango Labs Files Motion Against Eisenberg for Alleged $117M Theft
By Mango Labs LLC, a crypto exchange, has accused Eisenberg of using a complicated scheme to drain the exchange of $117 million last year. In response, Eisenberg’s lawyers have argued that all eligible Mango Markets’ members received reimbursement from the Mango Markets treasury, and that all involved considered the matter closed.[0]
However, Mango Labs has moved to file a motion against Eisenberg, alleging that the settlement agreement was reached “under duress,” therefore invalid and unenforceable.[1] Mango Labs is asking a federal court in Manhattan to order Eisenberg to pay back the rest of the money, plus interest starting from the time of Eisenberg’s October attack.
Eisenberg is also facing criminal charges, and is being sued by the Commodity Futures Trading Commission and the Securities and Exchange Commission.[2] This lawsuit is an additional complication for Eisenberg, as he is now being asked to pay back the rest of the money he allegedly drained from Mango Labs.
0. “Mango Market exploiter files to keep $47M bounty payment” CryptoSlate, 16 Feb. 2023, https://cryptoslate.com/mango-market-exploiter-files-to-keep-47m-bounty-payment/
1. “Mango Markets exploiter seeks to keep disputed funds paid as ‘bug bounty’” Cointelegraph, 16 Feb. 2023, https://cointelegraph.com/news/mango-markets-exploiter-seeks-to-keep-disputed-funds-paid-as-bug-bounty
2. “Accused Mango Labs Crypto Scammer Seeks to Keep Disputed Funds” BNN Bloomberg, 16 Feb. 2023, https://www.bnnbloomberg.ca/accused-mango-labs-crypto-scammer-seeks-to-keep-disputed-funds-1.1884533
