​​💡Mango Markets Settles Securities Lawsuit from SEC

Mango DAO has voted to settle the matter. This includes paying $229,000 in fines, destroying MNGO tokens, and delisting the token from other platforms.

In 2022, Mango was hacked by Abraham Eisenberg for $110 million.

Eisenberg is currently under criminal investigation for fraud and manipulation in the DeFi space.

Mango Markets is also under investigation by the DOJ and CFTC.