The filing by Mango Labs accuses Eisenberg of a “brazen attack” involving conversion, fraudulent misrepresentation and unjust enrichment and seeks $47 million in damages, plus interest.
The exploit allowed the scammers to target popular collections like y00ts and ABC, making thousands of dollars; Magic Eden pledged to refund affected users.
Mango Markets is a Solana-based exchange governed by a decentralized autonomous organization (DAO) made up of holders of its native token, MNGO.
Hackers made their way through Solana anew via malware that steals users' virtual currencies on the Phantom wallet and other assets in their extended bank accounts, according to Bleeping Computer.
This latest theft, resulting from deliberate manipulation of price mechanisms, again raises questions about the viability of DeFi among serious investors, and what action could be taken to recover funds.
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
BSV thought leader Joshua Henslee paints a picture of utter carnage in the digital currency industry with the recent crackdowns on popular exchanges, lending platforms, and other companies.
Coindesk recently published a report on how two brothers used multiple pseudonymous accounts to fake a DeFi ecosystem on Solana—showing that without identity, there's no way to know who's in control.
Nearly £10 billion class action lawsuit was filed this week in the United Kingdom against Binance, Kraken, Bittylicious, and Shapeshift over collectively delisting the BSV in 2019.
CoinGeek Weekly Livestream puts the spotlight on Edgevana, a company that helps blockchain platforms overcome the most difficult challenge—uncompromising scalability.
Many factors make Solana a bad investment, but the lawsuit is based on securities violations, and an investor believes that SOL qualifies as a security under the Howey test.