The firm known as Mango Labs, responsible for the development of the decentralized finance (DeFi) system known as Mango Markets, has launched its own legal action against the person known as Avraham Eisenberg.

In the complaint that was filed on January 25 in the United States District Court for the Southern District of New York, it is alleged that on October 20, 2022, Einseberg misused its platform to acquire cryptocurrencies worth of millions of dollars.

It seeks compensation for losses totaling $47 million, including interest dating back to the time of the incident.

In addition, he requested that the agreement between Eisenberg and the decentralized autonomous organization (DAO) associated with Mango be declared “illegal and unenforceable” by the court so that it can be terminated.

The agreement was related to a governance proposal that Eisenberg had submitted. In the proposal, they requested that the DAO allow them to keep $47 million, with the stipulation that Mango Markets would not file criminal charges for draining their treasury. The agreement stipulated that Mango Markets would not press criminal charges.