News with the tag "Mango"

The world of decentralized finance (DeFi) often feels like the wild west, but recent legal developments are showing that actions in this space have real-world consequences. One of the most high-profile cases involves the Mango Markets exploiter , Avraham “Avi” Eisenberg, whose actions sent shockwave...

The Solana ( SOL )-based decentralized exchange (DEX) Mango Markets is shuttering after dealing with a slew of regulatory issues last year. The DEX announced its closure on Saturday, issuing proposals designed to make borrowing on the platform economically unviable. “Mango Markets will be shutting d...

Mango Markets, once a prominent decentralized exchange on the Solana blockchain, will officially cease operations. This comes after several major events, including a severe hack and legal issues. The platform’s decision to wind down follows a settlement with the U.S. Securities and Exchange Commissi...

Decentralized exchange Mango Markets has announced plans to wind down its operations. The situation became necessary after a settlement with the United States Securities and Exchange Commission (SEC) mandated the Solana-based DEX to destroy all its MNGO tokens. According to its post on Discord, the ...

Mango Markets, a Solana-based DEX, is shutting down operations following an SEC settlement, governance votes and legal troubles stemming from a 2022 exploit.

Avi Eisenberg was found guilty of fraud and market manipulation in April 2024 and could face up to 20 years in prison.

The drama around Mango Labs just never seems to stop. Its problems are with its own members, too.

The drama around Mango Labs just never seems to stop. Its problems are with its own members, too.

The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organization (DAO) skirted registration provisions and depri...

The Mango DAO settlement follows Avraham Eisenberg's 2022 exploit of Mango Markets, which resulted in $110 million in losses.