Hacker created a "meaningless" Mango Inu token and made $250,000 in half an hour

Hacker Avraham Eisenberg told how he managed to earn a quarter of a million dollars in 30 minutes.

Here's What We Know

Eisenberg famously managed to hack the Mango credit protocol on the Solana blockchain a few days ago. By manipulating the value of the MNGO token, he was able to steal nearly $115 million in cryptocurrency.

Last weekend, the hacker revealed how he made $250,000 in half an hour using the "meaningless" Mango Inu token. He did it with the help of bots set up to buy the digital currency that had just appeared.

Avraham Eisenberg created a token, added liquidity and withdrew a quarter of a million dollars after special software programmed to monitor liquidity pools purchased the cryptocurrency Mango Inu. The hacker notes, however, that he did not violate any rules because he did not promote the token. Not only that, he pointed out that when buying Mango Inu, the investor would lose money.

Source: @avi_eisen