PANews reported on January 9 that according to Cointelegraph, Avraham "Avi" Eisenberg, who was convicted of fraud and market manipulation for exploiting the Mango Markets vulnerability in the decentralized exchange, will be sentenced on April 10. In a document submitted to the U.S. District Court for the Southern District of New York (SDNY) on January 8, Judge Arun Subramanian postponed his sentencing hearing to April 10 at the request of Eisenberg's lawyer. He was originally scheduled to receive the verdict at a hearing on December 12, and was subsequently postponed to February 11 after being convicted in April 2024. The legal team of the Mango Markets vulnerability exploiter requested a postponement on January 7, citing "the complexity of the factual record of the case and some sentencing issues." The U.S. Attorney's Office did not object to this change.
In October 2022, Eisenberg attacked Mango Markets through a vulnerability and stole more than $100 million. Although he returned about $67 million, he still retained more than $40 million after the community governance vote. In December of the same year, Eisenberg was arrested by US authorities and has been detained for nearly two years. If sentenced to the maximum sentence, he could face 20 years in prison. In addition, Eisenberg may also face civil enforcement actions from the US SEC and CFTC. The two cases were suspended in March 2023 and may be restarted after the criminal cases are completed.
