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Unchained

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

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 28 October 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

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     Thank you to our sponsors! Crypto.com Ava Labs   Avi Twitter DeepFi Value    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   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everyone, welcome to Unchained, your no-hype resource for all things crypto.

0:08.3

I'm your host Laura Shin, author of The Crypto Peans.

0:12.3

I started covering crypto seven years ago, and as a senior editor at Forbes was the

0:16.3

first mainstream media reporter to cover cryptocurrency full-time.

0:20.3

This is the October 28th, 2022 episode of Unchained.

0:24.7

Get hot takes on crypto news every other week on The Shopping Walk.

0:28.0

Watch the live stream with crypto insiders, his Steve Koreshi, Tom Schmidt, Robert

0:32.0

Leshner, and Taroon Chitra.

0:33.7

The latest episode is on YouTube and all podcast platforms.

0:37.8

Crypto moves at lightning speed.

0:39.7

For the latest crypto updates, be sure to subscribe to our daily newsletter at UnchainedCrypto.substac.com.

0:46.4

Again, that's UnchainedCrypto.substac.com.

0:50.5

Avalanche was built to provide a robust web-3 infrastructure with flexible tools, so you

0:55.5

can build anything you want, any way you want.

0:58.2

Visit avox.network to discover how you can.

1:01.8

With the Crypto.com app, you can buy, earn, and spend crypto in one place, download and

1:06.9

get $25 with the code Laura, link in the description.

1:11.1

Today's guest is Avraham Eisenberg, blogger at Deep 5 Value, and more commonly known as

1:17.0

the Mega Markets attacker.

1:18.9

Welcome, Avi.

1:20.2

Hey.

1:21.2

So I should let listeners know that Avi agreed to chat with me as long as I did not ask him

...

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