Mango Labs’ $47 million civil suit against crypto trader Avraham Eisenberg is a case study in how the ideals of crypto governance and DAOs take a backseat to real-world contracts law.
@reaDannyNelson reports
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An agreement he secured by bartering with funds he stole from them...Not how it works, Avraham!
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He followed the rules as they were set.
You can't set the terms and conditions and then sue someone for following them.....
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lol so mango markets is a scam effectively that doesn't follow any DAO's. They just do whatever they like regardless. wow ok
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This means Mango Labs committed fraud. And made a fraudulent DAO that they were never going to honor anyway. Not only can DAO holders pursue fraud charges both criminal and civil against Mango Labs, but also against the individuals behind Mango Labs.
This is an egregious act.
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