
Deep-dive into the Mango Markets economic attack
This article aims to explore the recent Mango Markets economic attack, how it was orchestrated, and possible mitigation strategies.
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CEO Kristina Walcker-Mayer said the decision was taken as the company was unable to find a potential acquirer or investors.

The Mango community will hand the exploiter a record bounty of $47 million.

In the financial system, a perpetual futures contract, also known as a perpetual swap, is a transaction representing an agreement to buy or sell an asset at an unspecified point in the future. It also allows users to trade using margin or leverage (using borrowed funds).

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The hacker wants Mango Market to use the $70 million in its treasury to repay bad debts.

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