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
