Former FBI agent believes that the $114 million vulnerability in Mango Market is more like market manipulation than a hacker attack

ChainCatcher news, according to CoinDesk, former FBI agent and co-founder of the crypto investigation firm Naxo, Chris Tarbell, stated that the $114 million in funds drained from the DeFi protocol Mango Markets was not a hacker attack, but rather a form of market manipulation.

Tarbell believes that hackers are more interested in manipulating the platform's native token rather than breaching the system. The self-identified intruder, Avraham Eisenberg, referred to the exploit as a "highly profitable trading strategy" in a tweet, and then confirmed he would return $67 million of the stolen funds. Tarbell stated that the crypto industry needs to clean itself up, and regulators may intervene. (source link)