Connect with us

Global News

Mango Markets hacker talks up sh*tcoin, warns against ‘losing all money’

Published

on

Mango Markets hacker talks up sh*tcoin, warns against 'losing all money'
Source: Pixabay


Avraham Eisenberg, aka the Mango Markets “hacker,” boasted on Twitter about his most recent endeavour – Mango Inu – A meme coin based on Eisenberg’s infamous Mango Markets attack. However, a few days after announcing the initiative, Eisenberg made it apparent on Twitter that anyone who invested would “certainly lose all your money.”

Later, Eisenberg claimed that he could have earned far more money than the $100,000 he earned through Mango Inu for just thirty minutes of work. He lost money as a result of bots outpacing him because of the way he eliminated liquidity from the liquidity pools. Eisenberg predicted that if he had employed a different strategy such as Flashbots, he would have made $250,000.

As expected, Eisenberg did not offer any consolation to people who bought the meme coin either. 

Eisenberg insisted that his activities were entirely legal in response to inquiries about their legality. Eisenberg used the same justification for taking advantage of Mango Markets, which he considered a sophisticated trading method.

What is the fuss?

According to the “hacker,” the rug pull should be classified as “simply open market liquidity transactions” due to the lack of marketing or information on Mango Inu.

The boastful character of Eisenberg’s tweets was the subject of a Reddit thread. The consensus on Reddit was that the rug pull was “scumbag behavior” and Eisenberg is probably going to acquire “a bullseye on his back” for bragging about his exploits in public.

According to one Twitter user, Eisenberg did advertise Mango Inu through his account, disproving his claim that he “did absolutely no promotion.” In a later response, Eisenberg claimed Mango Inu was “analogous to selling a package designated empty box,” denying that any of his claims were false.

After a $117 million exploit on 11 October, the Mango Markets community is prepared to come to a resolution by letting the hacker keep $47 million as a bug bounty.

The proposed agreements allow the hacker to retain $47 million and repay the remaining $67 million in tokens. The deal has the backing of 98% of the voters or 291 million tokens. According to the same, Mango Markets will also not file criminal charges against the hacker.

Not the first time for Eisenberg

Eisenberg seems to have engaged in several misdeeds in recent years. His site claims credit for multiple NFT bot-sniping campaigns and an AAVE loan exploit utilizing the rebasing token AMPL in a substack piece he published in January titled “How our team generates millions in crypto risk-free.”

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.


Please select your Email Preferences.

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.