The alleged exploiter of the decentralized finance protocol Mango Markets, Avraham Eisenberg, is searching for to maintain his share of crypto gained from his so-called “extremely worthwhile buying and selling technique.”
On Feb. 15, attorneys for Eisenberg filed a movement in a New York District Court docket objecting to a lawsuit from Mango that asks for $47 million in damages plus curiosity ranging from the time of Eisenberg’s October assault, whidrained round $117 million from the protocol.
The legal professionals argued that Eisenberg shouldn’t must pay again any extra funds to the DeFi platform attributable to a settlement settlement that he reached with Mango DAO, arguing that the “matter was settled.”
A governance proposal was handed by the Mango DAO following the draining of its treasury that noticed Eisenberg hold a portion — $47 million — of the pilfered funds as a bug bounty together with a stipulation that Mango wouldn’t pursue authorized motion.
“Eisenberg transferred funds totaling roughly $67 million to Mango Markets,” the attorneys wrote, including:
“Weeks later, eligible Mango Markets’ members acquired reimbursement from the Mango Markets treasury. At that time, all concerned thought of this matter closed and Mr. Eisenberg heard nothing farther from Mango Markets.”
Mango, nonetheless, mentioned in its go well with that the settlement must be voided because it was made “below duress” and alleged Eisenberg “was not engaged in lawful bargaining.”
Eisenberg’s attorneys rebuffed these claims, saying the “improper three-month delay” for Mango submitting its go well with “undermines any alleged irreparable hurt.” The lawsuit, they are saying, aimto “take benefit” of Eisenberg’s December arrest in Puerto Rico by United States authorities.
Associated: Alleged Mango Markets exploiter waives bail throughout listening to in federal court docket
Eisenberg was charged by the Federal Bureau of Investigation with commodities fraud and manipulation.
He additionally faces a lawsuit from the U.S. Commodity Futures Buying and selling Fee that alleges market manipulation and a go well with from the Securities and Change Fee for violating securities legal guidelines regarding anti-fraud and market manipulation.
Eisenberg has beforehand said his trades on Mango have been “authorized open market actions, utilizing the protocol as designed,” and known as his purported assault a “extremely worthwhile buying and selling technique.”
