Avraham Eisenberg, who allegedly exploited Mango Markets, is attempting to keep his share of cryptocurrency gained from his “highly profitable trading strategy”.
His lawyers filed a motion in a New York District Court in objection to a lawsuit from Mango seeking $47 million in damages plus interest, starting from the time of Eisenberg’s October attack that drained $117 million from the protocol.
Eisenberg’s lawyers argue that he does not need to pay back any more funds as a settlement agreement was reached with Mango DAO, which allowed him to keep $47 million of the pilfered funds as a bug bounty.
Mango contends that the settlement was made “under duress” and that Eisenberg “was not engaged in lawful bargaining”. Eisenberg is also facing several other legal challenges for alleged commodities fraud and manipulation.