Avraham “Avi” Eisenberg may spend over six years in prison. U.S. prosecutors want the judge to sentence him to 78–97 months behind bars.
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.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/mango-markets-hacker-faces-6-5-year-in-prison/