Mango Markets DAO Members Vote in Favor of SEC Settlement

The crypto token holders that manage Mango Markets voted to approve a settlement with the US Securities and Exchange Commission even though the agency hasn’t charged the DeFi platform with any wrongdoing.

In April, a trader accused of exploiting Mango Markets rules to steal $110 million from the decentralized-finance exchange was convicted of fraud in the first US trial involving criminal charges tied to cryptocurrency manipulation.