Mango DAO Votes to Approve Settlement Proposal with Attacker

Solana-based margin trading and lending protocol Mango Markets' community voted to pass the settlement proposal with the attacker, with 96.6% of the voting power supporting. According to the proposal, the attacker will return around $67m worth of assets, including 10m $USDC, over 32m $MNGO and over 760k $SOL, to repay bad debt, and will keep around $47m as a bounty. In addition, Mango Markets will not pursue criminal charges on the case.

Source

DeFi

DAO

Solana

Security Incidents

In This Article

Related News
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Latest News More More
7 Hours Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
7 Hours Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
1 Day Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
1 Day Ago Binance Records $3.97B Weekly Inflows
1 Day Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open