The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organizati

The US Securities and Exchange Commission (SEC) settled charges against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27. The watchdog had accused both entities of selling unregistered securities fo

The entities behind Solana DeFi platform Mango Markets have settled securities charges with the SEC following a lengthy investigation.

Mango DAO agreed to settle with the U.S. Securities and Exchange Commission after being charged for selling MNGO tokens unlawfully.

The SEC has initiated legal proceedings against Mango DAO and Blockworks Foundation. They accused these entities of selling securities without proper registration. Continue Reading:SEC Takes Legal Action Against Mango DAO and Blockworks Foundation Th

The SEC’s announcement comes as Mango Markets also mulls a CFTC settlement

The U.S. Securities and Exchange Commission (SEC) announced today that it has settled charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for their involvement in the unregistered sale of crypto assets on the Mango Markets platform.

The SEC has charged Mango DAO and Blockworks Foundation with the unregistered sale of ‘MNGO’ tokens and unregistered broker activity related to the Mango Markets platform. According to the SEC, Mango DAO, a decentralized autonomous organization, and

Solana-based decentralized exchange Mango Markets is considering offering the CFTC a $500,000 civil penalty to resolve the regulator’s allegations against the platform.

Following the exploit, Eisenberg claimed he negotiated a settlement with Mango Markets' insurance fund to ensure users retained their money.