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VOICE ARCHIVE

Avraham Eisenberg

@avi_eisen
16 posts
2022-12-28
“Alameda shorted the top” look if they were that smart they would be solvent and not in prison
2022-12-28 View on X
Reuters

Filings: the US charges Avraham Eisenberg with commodities fraud and manipulation for trying to steal ~$110M in October by rigging DeFi platform Mango Markets

U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal …

The big brain gymnastics to think that half of crypto being a giant ponzi filled with crime akshually pushed the price down are incredible. People straight up stole tens of billions in retail cash and used to buy crypto. That absolutely led prices to be higher than otherwise. https://twitter.com/...
2022-12-28 View on X
Reuters

Filings: the US charges Avraham Eisenberg with commodities fraud and manipulation for trying to steal ~$110M in October by rigging DeFi platform Mango Markets

U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal …

2022-11-16
Reading this and preparing a defense that drinking coffee, a stimulant, shifted risk curves https://astralcodexten.substack.com/ ...
2022-11-16 View on X
Milky Eggs

Everything we know about FTX's collapse: losses are likely >$15B, trades became increasingly risky, SBF was erratic, rash, and relied on stimulants, and more

If you want to read a poorly researched fluff piece about Sam Bankman-Fried, feel free to go to the New York Times (PDF).

Reading this and preparing a defense that drinking coffee, a stimulant, shifted risk curves https://astralcodexten.substack.com/ ...
2022-11-16 View on X
Reuters

A look at SBF's desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX's internal accounting software hid FTX-Alameda transfers

As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked …

2022-10-17
As a result of this agreement, once the Mango team finishes processing, all users will be able to access their deposits in full with no loss of funds.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

Statement on recent events: I was involved with a team that operated a highly profitable trading strategy last week.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

To remedy the situation, I helped negotiate a settlement agreement with the insurance fund with the goal of making all users whole as soon as possible as well as recapitalizing the exchange.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

Unfortunately, the exchange this took place on, Mango Markets, became insolvent as a result, with the insurance fund being insufficient to cover all liquidations. This led to other users being unable to access their funds.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

This is similar to how auto deleveraging works on exchanges such as Binance and Bitmex, clawing back some profits from profitable traders in order to ensure all users funds are protected.
2022-10-17 View on X
The Block

The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal

the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should...

2022-10-16
Unfortunately, the exchange this took place on, Mango Markets, became insolvent as a result, with the insurance fund being insufficient to cover all liquidations. This led to other users being unable to access their funds.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

This is similar to how auto deleveraging works on exchanges such as Binance and Bitmex, clawing back some profits from profitable traders in order to ensure all users funds are protected.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

As a result of this agreement, once the Mango team finishes processing, all users will be able to access their deposits in full with no loss of funds.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

To remedy the situation, I helped negotiate a settlement agreement with the insurance fund with the goal of making all users whole as soon as possible as well as recapitalizing the exchange.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

Statement on recent events: I was involved with a team that operated a highly profitable trading strategy last week.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …

I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.
2022-10-16 View on X
The Block

Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal

- Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal.  — The Mango exploiter said the deal …