U.S. Prosecutors Recommend Up to 8 Years in Prison for Mango Markets Attacker

On Tuesday, U.S. prosecutors submitted a letter to the district judge recommending a prison sentence of 78 to 97 months (approximately 6.5-8 years) for Mango Markets attacker Avi Eisenberg. Eisenberg previously claimed his actions were part of a legitimate trading strategy, but prosecutors argue he was aware that these actions were illegal. His sentencing hearing is scheduled for May 1st. Previously, it was reported that the Solana ecosystem DeFi platform Mango Markets was hacked in October 2022, resulting in over $100 million in bad debt.