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.
Avhrama Eisenberg took the view that code was law, and therefore he was only doing exactly as he was permitted by the protocol.
But authorities believe that he crossed a line when he made use of an exploit that allowed him to drain $100m from the protocol.
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.
Will this have an impact on cryptocurrency? Well, experts at a leading cryptocurrency development company may better assist you!