Digital finance icon Abraham "Avi" Eisenberg has been found guilty of a major security breach at Mango Markets, where more than $110 million was stolen.

In December 2022, Eisenberg was arrested in Puerto Rico on charges of commodity futures fraud, market manipulation and wire fraud related to the operation of Mango Markets.

According to court filings, Eisenberg manipulated the price of MNGO, the platform's token, causing it to rise approximately 1,000% in one hour.

This allowed him to borrow and withdraw additional tokens, creating significant negative debt for the platform.

Despite the return of $67 million to Mango Markets, the damage from his actions amounted to about $116 million.

The price of MNGO is now up 14% in the last 24 hours at $0.0289, according to CoinGecko. 😮