Recent Innovations and Controversies in the NFT Landscape

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

Thank you to our sponsors!

Crypto.com

Ava Labs

Avi

• Twitter
• DeepFi Value 

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

Learn more about your ad choices. Visit megaphone.fm/adchoices