Mango Markets Hacker Faces 6.5-Year in Prison

The request comes ahead of his May 1 sentencing in New York. Eisenberg’s 2022 Mango Markets exploit cost users more than $100 million.

He stands convicted of wire fraud, market manipulation, and commodities fraud. Prosecutors claim his actions directly triggered the collapse of Mango Markets.

$67M Returned, $40M Still Unaccounted For

After the attack, Eisenberg agreed to return $67 million in crypto following a community vote. However, he allegedly kept over $40 million for himself. Mango Markets is now demanding $47 million in restitution, calling it essential for community recovery.

Despite the partial return, the platform shut down operations in early 2024, unable to regain stability.

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Extra Charges Intensify Legal Trouble

Adding to his legal woes, Eisenberg also faces child pornography allegations. Prosecutors argue these further justify a longer sentence. They claim a strong punishment would deter future DeFi fraud and protect the public.

If approved, this would become one of the toughest sentences ever handed down for crypto-related crime.

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