MangoMarkets
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This article is produced by Kelly | Research-oriented Web3 In-depth Analysis Column
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Current Issue: Mango Network
Token: $MGO
šØćIn-depth ResearchćMango Network ($MGO): The first multi-VM fully interconnected L1, can it break the DeFi fragmentation barrier?
This is a āfull-chain experience revolutionā that could change cross-chain methods, and it is worth long-term observation.
Do you want to see follow-up evaluations of cross-chain infrastructure? Feel free to leave a comment with your most desired projects!
#MangoMarkets #ęē #defi #BNBChain
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Current Issue: Mango Network
Token: $MGO
šØćIn-depth ResearchćMango Network ($MGO): The first multi-VM fully interconnected L1, can it break the DeFi fragmentation barrier?
This is a āfull-chain experience revolutionā that could change cross-chain methods, and it is worth long-term observation.
Do you want to see follow-up evaluations of cross-chain infrastructure? Feel free to leave a comment with your most desired projects!
#MangoMarkets #ęē #defi #BNBChain
This is the end of Mango Markets. š„
Once a rising star on the $SOL network, Mango Markets has announced its shutdown.
At its peak, it reached $200M in total value locked, but the $110M exploit by Avi Eisenberg and the financial strain of an SEC settlement were too much. Despite governance votes and rebuilding efforts, the story of Mango Markets has reached its conclusion.
#MangoMarkets #Mango
Once a rising star on the $SOL network, Mango Markets has announced its shutdown.
At its peak, it reached $200M in total value locked, but the $110M exploit by Avi Eisenberg and the financial strain of an SEC settlement were too much. Despite governance votes and rebuilding efforts, the story of Mango Markets has reached its conclusion.
#MangoMarkets #Mango
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š¹ #Mangomarkets
š¹ #GMX
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š¹ #ZoomexDEX
š¹ #BCHBull
š¹ #Mangomarkets
š¹ #GMX
š¹ #Palmswap
š¹ #ZoomexDEX
š¹ #BCHBull
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U.S. Court Dismisses Charges Against Mango Markets Hacker
A U.S. federal court has dismissed charges against Avraham Eisenberg, who was accused of hacking the DeFi platform Mango Markets in 2022. According to CoinDesk, Eisenberg, known as a manipulative trader, exploited a vulnerability in the platform's pricing, earning $110 million. Prosecutors argued that his actions constituted fraud and market manipulation, but the court found that Eisenberg's operation complied with the platform's rules and that his actions did not violate U.S. securities laws.
šØ Mango Markets Case Update: Fraud Charges Dismissed
āļø In a major twist to the $110M Mango Markets saga, a U.S. federal judge has dismissed commodities fraud and market manipulation charges against Avraham Eisenberg.
š§āāļø Judge Arun Subramanian ruled that the evidence didn't support the juryās verdict, overturning Eisenbergās prior conviction.
š This decision could set a precedent in how courts interpret DeFi exploits and market manipulation.
š Is this a win for legal clarity in crypto ā or a loophole in need of fixing?
#Crypto #DeFi #MangoMarkets #Blockchain
āļø In a major twist to the $110M Mango Markets saga, a U.S. federal judge has dismissed commodities fraud and market manipulation charges against Avraham Eisenberg.
š§āāļø Judge Arun Subramanian ruled that the evidence didn't support the juryās verdict, overturning Eisenbergās prior conviction.
š This decision could set a precedent in how courts interpret DeFi exploits and market manipulation.
š Is this a win for legal clarity in crypto ā or a loophole in need of fixing?
#Crypto #DeFi #MangoMarkets #Blockchain
Judge Tosses Wire Fraud Charges Against Mango Markets Exploiter Avi Eisenberg
A federal judge has dismissed wire fraud charges against Avi Eisenberg, the investor who notoriously manipulated the decentralized exchange Mango Markets in a 2022 exploit that shook the crypto world.#MangoMarkets
Eisenberg gained attention after he executed a series of massive trades that artificially inflated the price of Mangoās governance token (MNGO) by over 1,000% in just 20 minutes. $BTC
Using the inflated value as collateral, he was able to borrow and withdraw approximately $110 million in crypto assets from the protocols. $BTC
A federal judge has dismissed wire fraud charges against Avi Eisenberg, the investor who notoriously manipulated the decentralized exchange Mango Markets in a 2022 exploit that shook the crypto world.#MangoMarkets
Eisenberg gained attention after he executed a series of massive trades that artificially inflated the price of Mangoās governance token (MNGO) by over 1,000% in just 20 minutes. $BTC
Using the inflated value as collateral, he was able to borrow and withdraw approximately $110 million in crypto assets from the protocols. $BTC
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Mango Markets shuts down today, after an agreement with the SEC
Mango Markets, one of the decentralized exchanges on the Solana blockchain, announced its shutdown on January 11, 2025. Users are advised to close their positions before the platform officially ceases all operations on January 13.
Source: Mango
Reasons for this decision
The collapse of Mango Markets stemmed from legal and financial issues. In September 2024, the U.S. Securities and Exchange Commission (SEC) accused Mango DAO and Blockworks Foundation of violating the Securities Act of 1933 by selling governance tokens MNGO worth over $70 million without registration. Additionally, Mango Labs was also accused of operating as an unregistered broker, violating the Securities Exchange Act of 1934.
Source: Mango
Reasons for this decision
The collapse of Mango Markets stemmed from legal and financial issues. In September 2024, the U.S. Securities and Exchange Commission (SEC) accused Mango DAO and Blockworks Foundation of violating the Securities Act of 1933 by selling governance tokens MNGO worth over $70 million without registration. Additionally, Mango Labs was also accused of operating as an unregistered broker, violating the Securities Exchange Act of 1934.
Top crypto news for May 24 ā Alchemy acquires HeyMint to boost Web3 onboarding, AI fuels urgent push for on-chain privacy, Texas backs a Bitcoin reserve bill, Mango Markets conviction overturned under DeFi law, Trumpās memecoin dinner draws DOJ attention, and Solana teases QR-powered investing for all.
#CryptoNews #Alchemy #HeyMint #Solana #TexasBitcoin #MangoMarkets #DeFi #TrumpCoin #Web3 #CryptoUpdate #May2025
#CryptoNews #Alchemy #HeyMint #Solana #TexasBitcoin #MangoMarkets #DeFi #TrumpCoin #Web3 #CryptoUpdate #May2025
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