ChainCatcher news, the decentralized cryptocurrency exchange Mango Markets is considering a $500,000 settlement agreement with the U.S. CFTC. According to a statement on its Discord server and a proposal on its governance page, the exchange is facing CFTC charges for allegedly not registering as a commodities exchange, illegally providing services to U.S. users, and failing to conduct customer identity verification.Mango Markets' legal representatives proposed to avoid litigation by paying a fine, but do not admit or deny any wrongdoing. The proposal needs to be voted on by the holders of Mango Markets' governance token MNGO, and current results indicate it is likely to be approved. Additionally, the CFTC commissioners must also approve the agreement.It is reported that Mango Markets previously reached a settlement with the U.S. SEC, paying approximately $700,000 in fines. According to a post by its legal representatives on its Discord server, Mango DAO's legal fees have reached $148,176, with additional costs exceeding $78,000 thereafter.

ChainCatcher news, Solana ecosystem DEX Mango Markets announced the launch of a new spot exchange Fill City on Solana, supported by its open-source routing technology Autobahn and the order book of Manifest.

ChainCatcher news, Solana's decentralized exchange Mango Markets is voting on a settlement agreement with the U.S. Securities and Exchange Commission regarding alleged securities violations.The DAO has proposed a solution where Mango Markets will pay a fine of $223,000 to the SEC, destroy its held MNGO tokens, and seek to delist from the trading platform.The proposal aims to address the SEC's allegations while avoiding litigation and does not admit or deny any wrongdoing. The proposal has reached a quorum with 106,717,813 votes, all voting "in favor."

ChainCatcher news, according to CoinDesk, a Manhattan jury in New York has found Mango Markets attacker Avi Eisenberg guilty of fraud and market manipulation for stealing $110 million from Mango Markets in October 2022. U.S. District Judge Arun Subramanian is set to sentence him on July 29. Eisenberg was arrested in Puerto Rico in December 2022 and has been charged with commodity fraud, commodity manipulation, and wire fraud. If all three charges are upheld, he faces a maximum of 20 years in prison.

ChainCatcher news, according to Bloomberg, a jury of 12 federal jurors in New York will decide whether Mango Markets attacker Avi Eisenberg manipulated the market.It is reported that on Wednesday, the jury heard the closing arguments from the U.S. government in the case against Eisenberg, who was arrested in December 2022 in Puerto Rico and charged with commodity fraud, commodity manipulation, and wire fraud related to Mango Markets. If all three charges are upheld, he faces up to 20 years in prison. Prosecutors concluded Eisenberg's trial on Wednesday, stating that he manipulated futures contracts through false trading of MNGO tokens on October 11, 2022, and that traditional criminal law applies to Eisenberg.However, Eisenberg's defense attorney argued that he "employed a successful and legal trading strategy in which he put his own funds at risk. He fully complied with the smart contracts of Mango Markets." The jury did not reach a final verdict on Wednesday. They will reconsider the three charges against Eisenberg on Thursday.

ChainCatcher news, according to CoinDesk, cryptocurrency trader Avraham Eisenberg may testify in his criminal commodity fraud and manipulation trial, his defense team said on Thursday. As the case nears its conclusion, they have not yet made a final decision on the matter.It is reported that Avraham Eisenberg faces three charges related to trading on the DeFi platform Mango Markets in October 2022, and if the jury finds him guilty on all counts, he could face up to 20 years in prison. These trades reportedly earned him various cryptocurrencies worth at least $110 million. Officials are attempting to portray these trades as illegal profits from market manipulation, while the defense claims they are legitimate trading strategies.

ChainCatcher news, according to The Block, the New York federal court will begin the trial of Avraham Eisenberg on criminal fraud and manipulation charges on Tuesday, with the court accusing him of allegedly stealing $116 million from the Solana ecosystem DeFi protocol Mango Markets. The trial is expected to last two weeks.The trial was originally scheduled for December 4, 2023, but was postponed at the request of Eisenberg's defense team.

ChainCatcher news, according to Bloomberg, U.S. District Judge Richard Berman announced that a criminal trial for Mango Markets attacker Avraham Eisenberg will take place on December 4, with charges including commodity fraud, manipulation of commodity prices, and wire fraud. Avraham Eisenberg has pleaded not guilty.Previous report, the U.S. Securities and Exchange Commission (SEC) accused decentralized trading market Mango Market developer Avraham Eisenberg of stealing $116 million by manipulating the price of the MNGO token. (Bloomberg)

ChainCatcher news, according to Cointelegraph, after suffering a $117 million vulnerability attack on October 11, the Solana ecosystem DeFi project Mango Markets community plans to reach an agreement with the hacker, allowing the hacker to keep $47 million as a bounty for the exploit.According to the terms proposed by the Mango Markets community, $67 million of the stolen tokens will be returned, while $47 million will be retained by the hacker, and Mango Markets will not file criminal charges in this case. Mango token holders agree to use treasury funds to repay bad debts and waive claims against the bad debt accounts.Currently, 98% of voters support the proposal, reaching the quorum, and voting may pass by the end of October 15. (source link)