Mango Markets Hacker Sentenced for Separate Criminal Charges

Avraham Eisenberg, known for orchestrating the 2022 Mango Markets exploit, has been handed a 52-month prison sentence—but not for his crypto-related activities.

The punishment stems from a separate case involving child sexual abuse material, with sentencing finalized on May 1 in a New York federal court.

While this verdict concludes one legal battle, another looms. Eisenberg still awaits sentencing for the high-profile crypto hack, which saw Mango Markets drained of $100 million after a price manipulation scheme.

Though both cases were expected to be addressed together, only the child exploitation charges have reached resolution.

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In the crypto case, Eisenberg argued that his actions were legal market tactics, not criminal behavior. Nonetheless, a jury convicted him in April 2024 of wire fraud and market manipulation.

Authorities dismissed his defense, citing extensive evidence. His legal team pushed for an acquittal months later, but prosecutors stood firm.

Mango’s collapse was swift: its token plunged, deposits were frozen, and user losses mounted. The case became a cautionary tale as regulators ramped up efforts to rein in financial exploits in decentralized systems.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.