🚀 Stay Ahead with AltcoinDaily.co! 🌐 Solana-based decentralized exchange (DEX) Mango Markets may soon be required to pay an additional $500,000 in fines to settle allegations from the Commodity Futures Trading Commission (CFTC). According to a proposal submitted by Mango Markets’ legal team on September 22 to the Mango DAO, the decentralized exchange is under…
Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of…
The DAO behind the Solana-based DeFi protocol, Mango Market, has overwhelmingly approved a proposal to settle a securities violation case with the US Securities and Exchange Commission (SEC). On Aug. 19, MangoDAO submitted the SEC Settlement Offer Proposal to avoid further litigation after the financial regulator accused the platform of securities violations. Under the proposal,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Mango Markets, a decentralized exchange (DEX) built on Solana, is currently considering a settlement proposal with the United States Securities and Exchange Commission (SEC) amid allegations of securities law violations. The Mango DAO, which oversees the DEX, initiated a vote on August 19 to decide on the proposed settlement,…