Mango Markets Prepares to Settle with the US SEC on Charges of Securities Law Violations
Publication Time:2024-08-20 09:33:05
According to Jinse Finance, the management entity of Mango Markets, Mango DAO, has started voting on a proposal called 'SEC Settlement Proposal'. The proposal requires Mango Markets to pay a substantial fine, destroy its held MNGO tokens, and delist from other trading venues. The passing of this vote (having received sufficient votes) means that Mango Markets will officially accept this proposal. Notably, with the determination of the voting results, the MNGO token, as a tool for investors to participate in decision-making, will lose its function, and its value may go to zero, retaining only historical significance.
SEC
Fine
Mango Markets
settlement
Securities Law
MNGO token