Avraham Eisenberg, who claims to be a member of the group that drained $114 million from the decentralised cryptocurrency exchange Mango Markets last week, returned $67 million to the Solana-based DeFi hub on Saturday while defending his actions as legal and highly profitable.
Statement on recent events:
I was involved with a team that operated a highly profitable trading strategy last week.
— Avraham Eisenberg (@avi_eisen) October 15, 2022
Eisenberg’s tweets mark the first time he has publicly acknowledged his role in the exploit. He was accused this week of being the Mango exploiter after allegedly carrying out similar attacks in the past. He tweeted, “I believe all of our actions were legal.”
The community of Mango Markets’ decentralised autonomous organisation (DAO) will vote in the coming days to decide how to distribute the returned funds, according to a tweet from the company. Mango’s thread did not outline a timeline for refunds but stated that multiple DAO votes would occur next week.
In the project’s Discord, Daffy Durairaj, co-founder of Mango Markets, stated, “Everything has to go through DAO proposals.” “My personal goal is to make depositors whole, and that’s what I’ll aim towards. But the mix of tokens and positions everyone had might be different”.