Is the Mango Markets hacker about to get away with $47 million? The Solana-based DeFi platform is facing a controversial situation after a recent exploit. It has raised some eyebrows amongst community members as the Mango Markets hacker, who has already been doxxed, could be set to gain $47 million. This could potentially set a dangerous precedent in the crypto space.

Why does the hacker of Solana-based platform want to keep the funds? The story unfolds: Mango Markets, a Solana-based DeFi platform, suffered a $114 million hack. In an unexpected turn of events, Mango Markets has signed a deal with the hacker who stole $114 million recently and the community is in favor of the same, seemingly accepting a proposal that would allow the hacker, now identified as Avraham Eisenberg, to keep a significant portion of the stolen funds.

Eisenberg agreed to refund $67 million while collecting a bug reward of $47 million as part of the deal. This unusual arrangement has sparked intense debate, particularly within the CryptoCurrency community (7.1M subscribers!). Is this a reasonable settlement, or is it rewarding malicious behavior?

Mango Markets community, a Solana-based DeFi platform has started making plans to concede to the hacker’s request for a $47 million bounty. This concession aims to recover a portion of the stolen funds while preventing further damage to the platform and its users. However, legal battles are ongoing. In a recent court filing, Mango Labs has sued the accused trader for $47M for manipulating MNGO token’s price in the Mango markets, creating an uncertain situation for the future of the recovered funds.

The future of Mango Markets and the $47 million remains uncertain. Stay tuned for updates on this developing story and its impact on the Solana ecosystem.