2023-01-26 02:21:02

Mango Labs Sues Trader to Recover Allegedly Stolen Tokens

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By Robert Burnson

Mango Labs LLC sued the trader who allegedly raked in $114 million in 20 minutes in October by illegally manipulating the price of its cryptocurrency tokens on its exchange.

Avraham Eisenberg agreed to return $67 million of the ill-gotten gains a few days later, the company said in a federal lawsuit filed Wednesday in Manhattan. But “he retained, and continues to retain” the rest of the money — and Mango wants it back.

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