The Mango Market was Brought down by a Trader Withdrawing $100m

One trader, in particular, has been boasting of his “unique trading strategies” that allowed him to make huge profits from the Mango Markets protocol.

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Avhrama Eisenberg took the view that code was law, and therefore he was only doing exactly as he was permitted by the protocol.

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But authorities believe that he crossed a line when he made use of an exploit that allowed him to drain $100m from the protocol.

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Prosecutors have charged him with commodities fraud and manipulation after the events in October, but he has returned to court to make the plea that he is not guilty.

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Will this have an impact on cryptocurrency? Well, experts at a leading cryptocurrency development company may better assist you!

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