Loading...
Market
Next regulatory action related to MNGO tokens by September 30, 2025?
2
Resolution / Starting Odds
Mango DAO • 25%
Blockworks Foundation • 25%
Mango Labs • 25%
Other Entity • 25%
SEC announcements and regulatory filings
Story
SEC Settles with Mango Markets Operators; Entities to Pay $700,000 and Destroy MNGO Tokens
Sep 27, 2024, 07:05 PM
The U.S. Securities and Exchange Commission (SEC) has settled charges against Mango DAO, Blockworks Foundation, and Mango Labs, entities operating the decentralized finance platform Mango Markets, for the unregistered offer and sale of the platform's "MNGO" governance tokens. Mango Markets had previously raised $70 million through the sale of MNGO tokens without proper registration. As part of the settlement, the entities agreed to pay $700,000 in penalties, destroy existing MNGO tokens, and request that exchanges delist the tokens from their platforms. The SEC identified the MNGO tokens as securities and charged the entities for unregistered sales and acting as a broker without registration. The settlement aims to resolve issues related to the unregistered sale of MNGO tokens and the entities' broker activities.
View original story
Similar markets
Increase by more than 50% • 25%
Increase by less than 50% • 25%
Decrease • 25%
No significant change • 25%
New regulations introduced • 25%
Existing regulations enforced • 25%
No significant actions • 25%
Other • 25%
SEC • 25%
CFTC • 25%
FTC • 25%
Other • 25%
Yes • 50%
No • 50%
New investigation • 25%
New lawsuit • 25%
New regulations • 25%
No major action • 25%
New Charges • 25%
New Guidelines • 25%
No Action • 25%
Other • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
No significant change (±10%) • 25%
Token destroyed • 25%
Launches new token with proper registration • 25%
Shuts down operations • 25%
Continues operations without issuing new tokens • 25%
Other • 25%