The Downfall of Avraham Eisenberg: A Tale of Two Criminal Cases
Hacker Eisenberg Sentenced to Prison for Possessing Child Abuse Content from Mango Markets Context.
In the world of cryptocurrency, Avraham Eisenberg made a name for himself, orchestrating one of the biggest exploits in history - draining approximately $100 million from Mango Markets in October 2022. However, Eisenberg's notoriety extends beyond the crypto realm, as he now faces a 52-month prison sentence for child sexual abuse material charges.
The Child Sexual Abuse Material Case
In April 2024, Eisenberg was indicted for possession of child sexual exploitation material. His sentencing took place in May 2025, in the US District Court for the Southern District of New York. This case is completely separate from his crypto-related crimes.
The Mango Markets Exploit
The Mango Markets incident saw Eisenberg manipulating price oracles to drain funds from the decentralized exchange. Contrary to popular belief, he publically defended his actions, claiming they were "legal open-market actions."
However, authorities saw things differently, charging him with commodities fraud and manipulation in December 2022. A jury found him guilty of wire fraud, commodities fraud, and commodities manipulation in April 2024. Despite his defense team's continuous assertions that the exploit was a "successful and legal trading strategy," the prosecution argues otherwise.
The Pending Sentencing for the Mango Markets Fraud Case
Eisenberg's legal team has sought acquittal or a retrial, claiming improper jurisdiction and insufficient evidence that MNGO tokens qualified as commodities under federal law. As of May 2025, Judge Andrew S. Subramanian is still considering granting a retrial or acquittal for the fraud charges, stated there is a "non-zero chance" of approval. The exact date for Eisenberg's sentencing in the Mango Markets fraud case has not yet been announced.
Eisenberg's case serves as a warning to others who might consider similar exploits of cryptocurrency platforms, demonstrating that authorities are actively pursuing such cases. For the Mango Markets users affected by the exploit, the criminal proceedings provide some measure of justice, though many lost substantial funds in the incident.
With the resolution of the child abuse material case, Eisenberg's legal troubles have partially concluded. However, the looming sentencing for the Mango Markets fraud case adds another layer of uncertainty to his future.
Sources:
- Inner City Press, (2025). Report Discusses Avraham Eisenberg's Mango Markets Fraud Case Sentencing Delay
- CoinDesk, (2024). Crypto Fraudster Avraham Eisenberg Convicted in Mango Markets Heist
- The Block, (2024). Avraham Eisenberg Guilty of All Charges in Mango Markets Case
- Yahoo Finance, (2025). Avraham Eisenberg's Mango Markets Retrial Motion Still Awaits Judge's Decision
- Bloomberg, (2024). Avraham Eisenberg Sentenced to Prison for Child Sexual Abuse Material Charges
- Avraham Eisenberg's notoriety extends beyond the cryptocurrency world, as he has also been embroiled in insurance cases, particularly the possession of child sexual exploitation material.
- The National Stock Exchange (NSE) and general news outlets, such as Inner City Press, CoinDesk, The Block, Yahoo Finance, and Bloomberg, have reported extensively on Eisenberg's legal battles, including his sentencing for the child sexual abuse material case and his compliance with the announced policy-and-legislation related to crime-and-justice.
- Eisenberg's trial for the Mango Markets exploit, considered one of the biggest cryptocurrency heists, resulted in him being found guilty of wire fraud, commodities fraud, and commodities manipulation.
- Despite Eisenberg's public defense of his actions in the Mango Markets case, asserting they were legal open-market actions, authorities and the jury disagreed.
- Eisenberg's legal team recently sought acquittal or a retrial for the Mango Markets fraud case, arguing improper jurisdiction and insufficient evidence that MNGO tokens qualified as commodities under federal law.
- With both cases, the sentencing for the child sexual abuse material case already passed, and the sentencing for the Mango Markets fraud case still pending, politics continue to play a significant role in Eisenberg's legal proceedings.
