US prosecutors seek up to 8 years for Mango Markets exploiter Avi Eisenberg

Mango Markets exploit Avraham “AVI” Eisenberg could face more than six years in prison, as American prosecutors pushed a strong sentence before its audience of May 1.

In an April 22 depositFederal prosecutors told the judge of the New York district court, Arun Subramanian, that Eisenberg’s feat in 2022 of the DEFI platform based in Solana was not intelligent arbitration but a premeditated attack that has frauded investors over $ 100 million.

“The fraud that takes more than $ 100 million in investors and effectively closes a company is a shocking violation of criminal law,” said the file.

Prosecutors are looking for a sentence of 78 to 97 months, about six and a half to eight years, citing both the gravity of the fraud and the separate guilt of Eisenberg in a case of exploitation of children. However, they stressed that cryptography offenses alone justify a substantial prison sentence.

Eisenberg was convicted in April Fraud by thread, fraud on raw materials and market manipulation to manipulate the price of the governance token of Mango, MNGO, and the use of the inflated guarantee to drain the protocol treasure.

Prosecutors allege that he has used false identities and disguised his location, opening an FTX account using a Ukrainian passport and bypassing KYC checks on Ascendex by selecting a non-Terification option and masking his intellectual property in Poland.

In addition, the deposit underlined the discussions on discord where Eisenberg described his plans in advance, describing how he “would buy a ton, would massively increase the price and take the loans”, adding that “you do not need to sell – you can simply leave the loan”.

Although Eisenberg made approximately $ 67 million following a DAO vote, the government said it was on condition that Mango Dao “renounces any potential complaint” and refrains from continuing criminal charges.

“This did not make funds in any real sense of the term,” said prosecutors, supervising the decision as “a ransom note”.

The file also explained how Eisenberg sought the laws on fraud before the attack and fled to Israel a few hours after being identified online. Later, on social networks, he publicly defended His actions, saying that trade was legal, although prosecutors argue that he knew the opposite.

“The accused knew that the fraudulent manipulation of the market is illegal and that the cryptocurrency space was no exception,” they wrote.

In a declaration of separate victim’s impact laid On the same day, lawyers representing the mango markets urged the court to order Eisenberg to pay $ 47 million on return, arguing that the return of the wrong funds is essential to make the community of the whole platform.

“Although Eisenberg’s attack cannot be canceled, the return of the funds he diverted is essential to straighten his wrong,” said the file.

Mango markets close At the beginning of 2025, following a unanimous community vote, citing the long -term impact of the exploit and the current legal benefits.