1H
-2.10%$0.0004
24H
-4.17%$0.0009
7D
-3.18%$0.0007
30D
15.6%$0.0027
Mango Markets saw $114 million worth of crypto stolen by a group of exploiters by manipulating the price of the DEX’s native token MNGO.
Mango Markets will take a snapshot of the funds held by the victims one hour before the hack and repay them in the same proportion.
Avraham Eisenberg, who recently revealed himself as the Mango Markets exploiter, calls his strategy a “highly profitable” trading one.
The case grows more interesting as the exploiter has now suggested a governance proposal that will approximately give them $70 million in the form of a bounty reward.
Cryptocurrency has come a long way since its inception, especially since the trailblazing bitcoin pushed its way into global discussions. It’s been more than a decade since then and Bitcoin has since become an ecosystem of its own to be reckoned with, winning lovers and haters alike.
In this guide, you will learn all the ins and outs of arbitrage trading, see how it is implemented in the crypto industry and find out if this trading technique is worth the effort at all.
