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.
Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.
The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.
The trading platform agreed to pay $1.5 million as part of the settlement with the SEC.
The court’s decision will determine if the company can restructure or must liquidate.
These developments indicate TFL’s proactive efforts to tackle Terra’s challenges and restore trust and stability within the Terra ecosystem.
