Mango Hacker Sentenced to Four Years: Child Exploitation Charges Lead to Prison Term

A hacker responsible for manipulating the Mango cryptocurrency platform has been sentenced to four years in prison, but not for the $110 million exploit he orchestrated. This sentence comes separate from a previous case involving child sexual abuse material (CSAM) discovery during investigations into Eisenberg’s role in the protocol’s manipulation. The extent of the CSAM was vast, with over 1,200 files collected over five years. Eisenberg pleaded guilty to possessing this material and received his sentence this week. Meanwhile, the legal repercussions continue for Eisenberg after launching a calculated attack on Mango’s price mechanics in late 2022. His strategy involved inflating MANGO token value through leveraged positions, leading to a significant increase in collateral. This allowed him to borrow funds and exploit the platform’s system, resulting in tens of millions in unrecoverable debt for Mango. Despite walking away with $47 million after returning some funds under a governance-approved deal, he was later found guilty on multiple counts of fraud by a jury. The government had initially sought an eight-year sentence for his overall misconduct, but the child exploitation charges are the only ones resulting in a finalized prison term.