Unchained

The Mango Markets Attacker on Whether His 'Trade' Was Ethical or Not - Ep. 413

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Avraham Eisenberg, blogger at DeepFi Value – more commonly known as the Mango Markets attacker – shared his insights about the exploitation of code, his personal story, and why there’s hatred directed towards profitable traders. 

 

Show highlights:
  • Laura’s description of the Mango Markets exploit
  • the way in which code gets used in a different way from the original intention
  • why Avi decided to return part of the funds he got from exploiting Mango Markets
  • Avi’s clarification of a misconception regarding the bad debt of Mango Markets
  • the difference between arbitrage trades and exploits
  • why people making profitable strategies are hated, according to Avi
  • how Avi got into crypto and the story of his failed online business 
  • whether it is possible to run non-zero-sum games
  • what he thinks of Compound’s decision to pause activity on illiquid assets

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    Avi

    • Twitter
    • DeepFi Value 

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      Mango Markets exploit

      • Explanation of the exploit
      • “Highly profitable trading strategy” Twitter thread
      • Mango Markets $42M Reimbursement Proposal Passes
      • Mango Markets Exploiter Returns $67M After Revealing His Identity
      • Mango Markets Hacker Proposes Keeping $70M ‘Bad Debt’ As Bounty
      • Solana’s Mango Markets Sees $100M Drained in DeFi Exploit
      • Previous discussion of Mango Markets on Unchained:
      • The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever'

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        Avi’s online business storyCompound Votes to Pause Activity for Illiquid Crypto Assets

         

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        UnchainedBy Laura Shin