ChainCatcher reported that according to Cointelegraph, Mango Labs has filed a lawsuit against John Kramer and Maximilian Schneider, accusing them of embezzling $10 million from the Mango Decentralized Autonomous Organization (DAO). John Kramer and Maximilian Schneider held trust positions in the DAO and were accused of conspiring to make illegal profits. At the same time, they purchased the DAO's MNGO governance tokens held by the bankrupt FTX on behalf of the DAO.

Mango Labs’ lawsuit alleges breach of fiduciary duty, violation of Puerto Rico’s civil code provisions regarding damages, fraud/misrepresentation, and unjust enrichment, and the organization seeks monetary, punitive and exemplary damages, as well as restitution and forfeiture of improperly obtained funds, including interest and costs.