Mango Markets is back on stage! 🎭 After being rocked by a multi-million dollar hack and regulatory scrutiny last year, the DeFi hero is now pursuing a six-figure settlement with the CFTC. Mango DAO has agreed to pay a $500,000 fine but is not admitting wrongdoing. 😅

This settlement is pending approval from MNGO token holders. If approved, the CFTC’s commissioners must also approve. Mango DAO has also made a similar settlement with the SEC. 🚀

Is this always the case in the DeFi world? Let’s meet in the comments! 💬👇#DeFi#Web3 #MangoMarkets