Mango Markets Settles with SEC, Agrees to Burn MNGO Tokens

Mango Markets Settles with SEC, Agrees to Burn MNGO Tokens

The U.S. Securities and Exchange Commission (SEC) has charged Mango DAO and Blockworks Foundation with conducting an unregistered sale of MNGO tokens and operating as unregistered brokers on the Mango Markets platform. The Panama-based Blockworks Foundation and Mango DAO, a decentralized autonomous organization, allegedly raised over $70 million through the sale of MNGO tokens, bypassing investor protections by evading federal registration requi...

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