The U.S. Securities and Exchange Commission (SEC) accused Mango Markets-related entities Mango DAO, Blockworks Foundation and Mango Labs of offering and selling "MNGO" tokens without registration and engaging in unregistered brokerage activities, involving more than $70 million. A settlement has been reached, and the three parties agreed to pay a fine of approximately $700,000, destroy MNGO tokens, and request that the tokens be removed from the trading platform. The settlement still requires court approval.