• Avraham Eisenberg, a Puerto Rico man, exploited the decentralized finance (DeFi) protocol Mango Markets in October 2022, making over $100 million.
• Eisenberg’s lawyers claim he had already returned enough of the funds and is entitled to keep the remaining assets as a bug bounty.
• The Mango DAO voted to allow Eisenberg to keep the remaining $47M after returning $67M, which he did by transferring crypto assets worth around $67 million.

Exploiter Avraham Eisenberg Wants To Keep $47M

Avraham Eisenberg, a 27-year-old Puerto Rico resident, made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022. According to his lawyers’ motion filed at US District Court for Southern District of New York on Wednesday, they stated that Eisenberg had fulfilled his part of the agreement and is entitled to keep the assets as a bug bounty.

The Proposal from the Mango DAO

The Mango DAO put forth a proposal that allowed Eisenberg to retain possession of his remaining $47 million after returning what is believed to be around $67 million in crypto assets. A total of 473,166 members voted in favor of this proposal at 96.6%, setting it into motion and allowing him to keep his money with no legal repercussions.

Enforcing Terms Of The Deal

Eisenberg’s attorneys have stated that he has already settled with his vote and is now trying to enforce the terms of this agreement so that he can receive his money without any further issues or delays. Eligible members of the Mango Markets received reimbursement from its treasury shortly after this settlement was reached.

Bug Bounty For Exploiters

This case serves as an example for future exploiters who wish to benefit from their actions without facing legal prosecution or having their funds seized by authorities or other regulatory bodies. By settling as per community consensus through voting on proposals like these, exploiters are able to receive fair compensation for their discoveries while protecting both themselves and those affected by them financially speaking – such as users who may have lost funds due to bugs or vulnerabilities discovered by these exploiters.


In conclusion, it appears that Avraham Eisenberg will indeed get away with keeping some of his ill-gotten gains as long as he continues following through with all agreements set forth by parties involved in this incident. This case sets an interesting precedent for future cases involving exploits on DeFi protocols and could potentially open up more opportunities for people looking to cash out on their discoveries without fear of retribution or confiscation from governing bodies or entities involved in such activities moving forward

Categories: Allgemein