Accused Mango Labs Crypto Scammer Seeks to Keep Disputed Funds

Robert Burnson, Bloomberg News

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(Bloomberg) -- The crypto trader accused of using a complicated scheme to drain the exchange of Mango Labs LLC last year says he shouldn’t be required to pay back any more of the disputed funds.

Avraham Eisenberg says he fulfilled his obligations in a settlement with the governing board of the exchange by returning $67 million of the $114 million worth of tokens he took in his trading blitz.

In a lawsuit, Mango Labs is asking a federal court in Manhattan to order Eisenberg to pay back the rest of the money. Eisenberg is also facing criminal charges and he’s being sued by the Commodity Futures Trading Commission and the Securities and Exchange Commission.

Eisenberg did his part and “eligible Mango Markets’ members received reimbursement from the Mango Markets treasury,” his lawyers said in a court filing Wednesday. “At that point, all involved considered this matter closed and Mr. Eisenberg heard nothing further from Mango” — until the company sued him in January.

Read More: Mango Labs Sues Trader to Recover Allegedly Stolen Tokens

Mango has said its settlement with Eisenberg should be voided because it was made under duress.

Lawyers for Mango didn’t immediately respond to a request for comment after regular business hours.