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 Mango Markets shuts down following SEC settlement Cointelegraph 3 weeks ago

Mango Markets shuts down following SEC settlement ⚖️

Mango Markets, a decentralized exchange (DEX) built on the Solana blockchain, is shutting its doors. This decision follows a settlement with the U.S. Securities and Exchange Commission (SEC), alongside governance votes and ongoing legal troubles, which originated from a security exploit in 2022. These challenges have led to the decision to cease operations.

While the news marks the end of Mango Markets, it highlights the complexities and difficulties that DEX platforms can face, especially when subjected to regulatory scrutiny and technical vulnerabilities.

Source: cointelegraph.com ↗