Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.
The January 25 filing in the United States District Court for the Southern District of New York alleges that Einseberg exploited his platform for millions of dollars worth of cryptocurrencies in October 2022.
It is seeking $47 million in damages plus interest since the strike.
It also asked the court to void the agreement made between Eisenberg and DAO related to Mango and declared it “unlawful and unenforceable.”
The agreement is related to a government proposal submitted by Eisenberg asking the DAO to allow it to keep $47 million along with a statement that Mango Market will not pursue criminal charges for draining the treasury.
In its latest complaint, Mango Labs claims Eisenberg “did not engage in legitimate bargaining,” adding:
“[Eisenberg] forced Mango DAO to enter into an unenforceable settlement agreement – by force – with the aim of releasing depositors’ claims against them and preventing them from conducting criminal investigations.
On October 11, 2022, attackers siphoned off about $117 million from Mango Markets’ treasury by falsifying oracle data on the original MNGO token price, allowing them to take out unsecured loans.
After that, Eisenberg came out as the attacker. He said the exploit was a “highly profitable trading strategy” and “legitimate open market action, using the protocol as designed.”
On December 27, Eisenberg was arrested in Puerto Rico and charged by the Federal Bureau of Investigation (FBI) with one count each of fraud and commodity manipulation for the attack on the platform.
related: Mango Market Exploitation Boasts After Pulling Mango Inu’s ‘shitcoin’ Carpet
The Commodity Futures Trading Commission (CFTC) followed suit with FBI charges on January 9, pinning Eisenberg on two counts of market manipulation.
On January 20 the Securities and Exchange Commission (SEC) dealt a further blow to Eisenberg with alleged violations related to the anti-fraud and market manipulation provisions of US securities laws.
Mango Labs’ suit says Eisenberg “is a well-known online personality” with a “history of attacking multiple cryptocurrency platforms and manipulating the cryptocurrency market.”
Eisenberg has tried to exploit other protocols, which he used to kill the advanced shorts on November 22. He tried to exploit the Aave DeFi protocol.
An attorney retained by Mango Labs did not immediately respond to a request for comment. Mango Market could not be reached for comment.