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