Two core members of Mango DAO are pushing a controversial proposal, and the founder warns it may jeopardize the SEC settlement agreement

2024-11-27 16:57:43

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ChainCatcher news, according to Protos, Mango DAO members John Kramer and Max Schneider successfully pushed a proposal last week to lock 80 million MNGO tokens in exchange for 67.5 million token options. However, Mango Labs founder Dafydd Durairaj warned that this proposal "could be seen as a sale of MNGO, jeopardizing our settlement agreement with the SEC."

Durairaj opposed the proposal within the community, stating that this move would lead the SEC to re-examine the case, and all members could face legal consequences. Meanwhile, the proposal "consolidated the two's complete control over the DAO."

It is reported that both Schneider and Kramer are core members of Mango DAO, and Mango Labs had filed a lawsuit in October this year, accusing the two of attempting to misappropriate $10 million in DAO funds during the Avraham Eisenberg case.

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