Mango Markets is preparing to settle with the SEC over allegations that it violated a series of securities laws
2024-08-20 01:27:32
Mango DAO, the governing entity that manages Mango Markets, began voting on Monday on a "proposed SEC settlement" that would require the company to pay hundreds of thousands of dollars in fines, destroy its MNGO tokens and seek to remove it from other trading venues. But if this vote passes (and there are enough votes to pass), and the agency does accept the proposal. Governance tokens MNGO becomes worthless if investors vote on everything from token listings, buybacks, debt repayment, and SEC settlements,
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