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Just read that prosecutors are pushing hard for 6.5 years in prison for Avi Eisenberg over that massive Mango Markets hack back in 2022. The guy drained like $110 million from the protocol and tried to claim it was just a 'profitable trading strategy' - which is wild. He actually did return about $67 million after community voting, but kept over $40 million for himself, so the damage was pretty brutal.
What's crazy is Avi Eisenberg's trial wrapped up last year with convictions on wire fraud, commodities fraud, and market manipulation. Now prosecutors are asking the judge to hit him with 78 to 97 months. There's also separate charges involving child pornography material that came up during the investigation, which prosecutors say makes the case even more serious. Mango Markets itself had to shut down completely in February because of all this - the platform just couldn't recover from the hit.
If the judge goes along with what prosecutors want, Avi Eisenberg could end up serving one of the longest sentences for a DeFi exploit ever. Mango Markets is asking for $47 million in restitution, saying no amount of money really fixes the reputational damage but at least it helps. The whole thing shows how serious regulators are taking these exploits now.