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