Avraham Eisenberg, blogger at DeepFi Value – more commonly known as the Mango Markets attacker – shared his insights about the exploitation of code, his personal story, and why there’s hatred directed towards profitable traders. 
 
Show highlights:

Laura’s description of the Mango Markets exploit

the way in which code gets used in a different way from the original intention

why Avi decided to return part of the funds he got from exploiting Mango Markets

Avi’s clarification of a misconception regarding the bad debt of Mango Markets

the difference between arbitrage trades and exploits

why people making profitable strategies are hated, according to Avi

how Avi got into crypto and the story of his failed online business 

whether it is possible to run non-zero-sum games

what he thinks of Compound’s decision to pause activity on illiquid assets

 
 
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Mango Markets exploit

Explanation of the exploit

“Highly profitable trading strategy” Twitter thread

Mango Markets $42M Reimbursement Proposal Passes

Mango Markets Exploiter Returns $67M After Revealing His Identity

Mango Markets Hacker Proposes Keeping $70M ‘Bad Debt’ As Bounty

Solana’s Mango Markets Sees $100M Drained in DeFi Exploit

Previous discussion of Mango Markets on Unchained:

The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever'

 
Avi’s online business storyCompound Votes to Pause Activity for Illiquid Crypto Assets
 
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