News with the tag "Mango DAO"

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

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

The U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets Hit Wit...

In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg, which drained the platform of $100 million.

Solana-based decentralized exchange Mango Markets is considering offering the CFTC a $500,000 civil penalty to resolve the regulator’s allegations against the platform.

The proposed settlement involves Mango DAO neither admitting nor denying wrongdoing and paying a $223,228 fine.

Mango DAO used treasury funds to compensate hack victims through a buyback program, but critics claim it was done to benefit an FTX estate buyer.

Avraham Eisenberg, a trader accused of manipulating the decentralized exchange Mango Markets in a massive multi-million dollar scam, is slated to stand trial on Dec. 4 in New York. The scam was carried out on October 11, 2022, with Mango Markets tweeting at the time that a hacker had manipulated the...