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.

ChainCatcher news, according to The block, Mango DAO has agreed to settle with the U.S. Securities and Exchange Commission after being accused of illegally selling MNGO tokens. Mango Labs, Mango DAO, and Blockworks Foundation have agreed to settle the charges and pay a total fine of $700,000. The three companies also agreed to destroy their MNGO tokens. The SEC's charges are against Mango DAO and the Panamanian entity Blockworks Foundation, accusing them of "offering and selling crypto asset" governance tokens on the Mango Markets platform "without registration."Previous news, Mango DAO began voting on a governance proposal that calls for a $223,228 fine, the relinquishment of MNGO token ownership, and a request for delisting from exchanges. The settlement only involves the investigation by the U.S. Securities and Exchange Commission.

ChainCatcher news, according to RootData, the price of Mango token (MNGO) is currently $0.031, with a 24-hour increase of over 41%.According to the RootData page, Mango is a DeFi protocol that supports lending, trading, and leveraged trading of crypto assets through a powerful risk engine. Mango is built on the Solana blockchain and utilizes Serum DEX for spot margin trading, while perpetual futures are traded on Mango's own order book. Mango is governed by MNGO holders through the Mango DAO.

ChainCatcher news, according to Bloomberg, Mango Labs LLC has sued attacker Avraham Eisenberg in Manhattan. The trader made $114 million in 20 minutes by illegally manipulating the price of its cryptocurrency tokens on its exchange in October. Avraham Eisenberg agreed to return $67 million of that amount, while Mango seeks to recover the remaining funds.It is reported that Mango attacker Avraham Eisenberg was arrested in December in Puerto Rico and has been charged by the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission for manipulating the MNGO token. (Source link)

ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) has charged Mango Market developer Avraham Eisenberg with stealing $116 million by manipulating the price of the MNGO token.According to the financial regulator, Eisenberg manipulated Mango Market by executing several large MNGO trades that exaggerated the token's value. This allowed him to drain all $116 million in assets held on the crypto platform. The regulator added that the MNGO token was offered and sold as a security.The financial regulator stated that the exploitative behavior violated "the anti-fraud and market manipulation provisions of the securities laws." The commission also indicated that it is investigating other violations of securities laws. (Source link)