đ Big news in the crypto world! Mango Markets has settled with the SEC over unregistered securities. The DeFi platform raised $70M through MNGO tokens, which the SEC says should've been registered. đž
Mango Markets will pay a $700K fine and destroy all MNGO tokens. This decision was backed by a DAO vote. The future of the platform is now uncertain without its governance tokens. đ€
The SEC's crackdown on crypto continues, targeting projects like Binance and Coinbase. Mango Markets is the latest to feel the heat. Stay tuned for more updates! #Crypto #DeFi #SEC