Mango Markets market manipulation on 2022-10-11 ($116M reported)
Market manipulation on Solana, 11 Oct 2022. Reported loss $116M. Last verified 4 Nov 2026.
critical
Reported loss
$116M
as reported by the sources
Recovered
-
nothing reported
Status
Unknown
updated 26 Oct 2026
Date
Solana
Summary
The SEC charged Avraham Eisenberg with manipulating the MNGO governance token of Mango Markets from 2022-10-11 and using the inflated position to borrow and withdraw about $116 million in crypto assets, effectively draining the platform. Parallel criminal and civil cases were brought by the DOJ and the CFTC.
- Protocol
- Mango Markets
- Type
- Market manipulation
- Reported loss
- $116,000,000 source: sec.gov ↗
Facts and where they come from
Primary sources
- SEC press release 2023-13: charges against Avraham Eisenberg ↗ official announcement · accessed 2026-11-04
Our own summary of facts published by the sources above. We do not attribute fault beyond them. Amounts are as the sources state them (no USD conversion by us); links and quoted figures last checked 2026-11-04.
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