News with the tag "mango markets"

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...

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 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.

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

Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.

The U.S. Securities and Exchange Commission (SEC) announced today that it has settled charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for their involvement in the unregistered sale of crypto assets on the Mango Markets platform. The SEC’s enforcement action targets the sale of M...

The Solana (SOL)-based decentralized exchange (DEX) Mango Markets has proposed a $500,000 settlement with the U.S. Commodity Futures Trading Commission (CFTC). The DEX’s decentralized autonomous organization (DAO) voted this week to approve a settlement offer proposal that includes the civil penalty...