One of the hackers of the Solana-based DeFi platform Mango Markets boasted that he made $100,000 in half an hour by launching a meme token called Mango Inu.

On Oct. 12, unidentified people took about $116 million in digital assets out of the protocol by manipulating price oracles.

On October 15, user Avraham Eisenberg admitted to being part of the group that implemented the exploit. He did not think there was anything illegal about what they were doing.

However, as the platform became insolvent due to the loss of funds, Eisenberg negotiated a settlement agreement with the return of a portion of the assets.

The Mango Markets community supported the agreement, under which the hackers returned $69 million, keeping $47 million as a reward. The platform’s team has proposed a compensation plan for affected users.

On Oct. 23, Eisenberg said he launched “a shitcoin called Mango Inu and did absolutely nothing to promote it.” Bots bought more than $250,000 worth of tokens in just half an hour.

According to him, only $100,000 was made because Eisenberg himself “forgot to use flashbots.” He again called his operation “perfectly legal,” which some commentators disagreed with.

“What part of is illegal? Mango Inu is definitely not security (no marketing, etc.), no promises were made, just open market transactions with liquidity,” Eisenberg parried.

In his opinion, “exploiting bots is the right thing to do.

https://altcoin.ng/mango-markets-hacker-rugged-pull-mango-inu-meme-token-for-100k/