⚠️ SEC charges Mango DAO and Blockworks Foundation with unregistered MNGO token sales and unlicensed brokerage.

- Mango DAO and Blockworks Foundation have raised $70 million since August 2021.

- The defendants agreed to destroy the tokens and pay a fine.

- Mango Markets has set aside $250,000 to settle regulatory issues.

🧐 Mango Markets has come under increasing scrutiny since its 2022 hack.