🚀 Mango Markets to Pay $500K to CFTC: A Crypto Drama Unfolds! 🍿

Hold onto your crypto wallets, folks! Solana-based DEX Mango Markets is gearing up to pay a cool $500,000 to the Commodity Futures Trading Commission (CFTC). Why? To settle allegations of not registering as a commodities exchange, offering illegal services in the US, and skimping on KYC measures.

Mango DAO's legal eagles proposed the settlement, aiming to dodge any litigation. The DAO members are all in, with a whopping 123,475,000 votes in favor and zero against.

This isn't Mango's first rodeo; they recently paid $670K to the SEC over similar issues. Got thoughts? Drop them in the comments! 💬