**Mango DAO & Blockworks Foundation Settle with SEC Over Unregistered Securities**
- The SEC filed "settled charges" against Mango DAO and Blockworks Foundation for selling unregistered securities.
- Both entities agreed to pay $700,000 in penalties, destroy their Mango tokens, and petition exchanges to delist them.
- No party admitted or denied wrongdoing, and the settlement awaits court approval.
- The SEC claims the entities raised over $70M from selling Mango (MNGO) tokens, violating the Securities Act of 1933.
- Mango DAO voted to settle with the SEC for $223,228 and destroy the tokens. đ
Stay tuned for more crypto drama!