The SEC has settled charges with Mango DAO over unregistered MNGO token sales, involving a $700,000 penalty and delisting the tokens.
Mango Markets has settled SEC charges for unregistered MNGO token sales by agreeing to pay $700,000 and destroy all MNGO tokens. They are also seeking a similar settlement with the CFTC.
The US SEC has settled charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for unregistered sales of MNGO tokens on Mango Markets.
Mango Markets to settle with SEC by paying $223,228 and destroying MNGO tokens without admitting wrongdoing.
Mango Markets, a decentralized crypto exchange on Solana, is voting on a $223,228 settlement with the SEC over securities violations. The settlement includes destroying MNGO tokens and delisting them from exchanges.