Mango Markets Hacker Rug Pulls Mango Inu Warned Investors They Would “Certainly Lose All Your Money”

Avraham Eisenberg, aka the Mango Markets “hacker,” boasted on Twitter about his most recent endeavor, Mango Inu, a meme coin based on Eisenberg’s infamous Mango Markets attack. However, a few days after announcing the initiative, Eisenberg made it apparent on Twitter that anyone who invested would “certainly lose all your money.”

Later, Eisenberg claimed that he could have earned far more money than the $100,000 he earned through Mango Inu for just thirty minutes of work. He lost money as a result of bots outpacing him because of the way he eliminated liquidity from the liquidity pools. Eisenberg predicted that if he had employed a different strategy, such as Flashbots, he would have made $250,000.

Eisenberg did not offer consolation to people who bought the meme coin. Eisenberg insisted that his activities were entirely legal in response to inquiries about their legality. Eisenberg used the same justification for taking advantage of Mango Markets, which he considered to be a sophisticated trading method.

According to Eisenberg, the rug pull should be classified as “simply open market liquidity transactions” due to the lack of marketing and information on Mango Inu.

The boastful character of Eisenberg’s tweets was the subject of a Reddit thread. The general consensus on Reddit was that the rug pull was “scumbag behavior,” and Eisenberg is probably going to acquire “a bullseye on his back” for bragging about his exploits in public.

According to Mihai, a Twitter user, Eisenberg did advertise Mango Inu through his account, disproving his claim that he “did absolutely no promotion.” In a later response, Eisenberg said Mango Inu was “analogous to selling a package clearly designated empty box,” denying that any of his claims were false.

Eisenberg replied by sharing a meme laughing at crypto investors losing money – Mango Markets

Eisenberg seems to have engaged in a number of misdeeds in recent years. He published an article on Substack in January titled “How our team makes millions in cryptocurrency risk-free.” Several NFT bot-sniping campaigns and an AAVE loan exploit utilizing the rebasing token AMPL are credited to the blog.

The essay closed by inviting readers to submit “alpha” and concepts for related campaigns in cryptocurrency or elsewhere.

“We have the skills to execute and the capital to maximize. It doesn’t necessarily need to be in crypto.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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