On Tuesday, federal authorities announced the arrest of Avraham Eisenberg, a crypto trader who conducted what he characterized as a "highly profitable trading strategy" that drained $110 million ...

Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange.

It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.” By Danny Nelson , Jesse Hamilton Updated Jan 20, 2023, 11:36 p.m. Published Jan 20, 2023, 7:44 ...

The Mango Markets exploit shows how so-called "white hat" hacking or pen-testing is central to crypto's success, former New York Department of Financial Services counsel Gareth Rhodes writes.