SEC fines Mango DAO and Blockworks Foundation $700,000 for selling unregistered securities 🚨

- The SEC has charged Mango DAO and Blockworks Foundation with selling unregistered Mango tokens (MNGO).

- The companies have agreed to pay the fine, destroy the tokens, and stop marketing them.

- The SEC says the DAO tag does not exempt from registration.

- Mango DAO votes to pay the fine and destroy the tokens.

Be careful in the crypto market!