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Just over a week after successfully exploiting $117 million in Mango Markets, Avraham Eisenberg is proud to have made $100,000 in a shitcoin called Mango Inu, and once again says, What? I didn’t do anything wrong,” he claims.
Eisenberg recently ousted himself as one of the people behind the recent $117 million exploit of Solana-based decentralized finance (DeFi). Platform Mango Marketwhich he also claimed to be “legal.”
In a Twitter post on Oct. 23, Eisenberg said the scheme involves the deployment of a shitcoin named Mango Inu. This is aimed at bot abuse to devour newly issued tokens, he suggests.
Eisenberg said the strategy involves deploying tokens, adding liquidity, and laying tokens immediately after bots buy them.
Deploying coins immediately after a bot buys, adding liquidity and talking to someone who lays the rug was a good low-capacity strategy last year when bots bought what moved, he said. .
When people on Twitter questioned the morality and legality of the entire ordeal, much like the Mango Markets exploit, Eisenberg argued that the lack of publicity for the token meant it was not against the law.
“Which part? Mango Inu is definitely not a security (no marketing or anything), no promises, just open market liquidity trading.”
Eisenberg said the token had earned over $250,000 in “investing/gambling” within 30 minutes with “no promotion at all” and the fact that it happened was “we’re still far from the bottom. He said that it means that there is
He also explicitly warned against buying tokens because “if you buy this you will definitely lose all your money”.
The other day, we launched a shitcoin called Mangoinu without any promotion. I invested/gambled over 250,000 in about 30 minutes.
Still far from the bottom.
(If you buy this you will definitely lose all your money)
Abraham Eisenberg (@avi_eisen) October 23, 2022
The Mango Inu token is another example of a token that has recently gained questionable market share despite its lack of usefulness, a symptom usually associated with bull markets.
Earlier this month, a meme coin named THE token was created in response to the satirical Twitter of October 14th. Position Ethereum co-founder Vitalik Buterin asked me to create an easily faked project called “The Protocol”.
Then, shortly after Buterin’s tweet, THE was launched on Ethereum and Binance Smart Chain, rising 77% by Oct. 20, but down 60% to $0.015 at the time of writing.
Related: 3Commas Issues Security Alert After FTX Removes API Keys After Hack
Listed on exchanges such as Uniswap (V3), MEXC Global and Bitget, the token seems to serve no function other than to fulfill the jokes Vitalik made to fuel wild speculation.
PeckShield, a blockchain cybersecurity company, is calling attention to this token.
#PeckShieldAlert #THE protocol PeckShield detected ~25 $THE Newly created on both Ethereum and BSC
6 out of these 25 $THE it looks like that Honeypot 0x0cbA6 variance 100M $THE Deal with Vb (Vitalik)
0x716Fb variance 6.4M $THE Dealing with vitalik.eth
be careful! pic.twitter.com/nGNhR8kuj7PeckShieldAlert (@PeckShieldAlert) October 18, 2022
