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Will Mango Markets entities face additional SEC charges by March 31, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official SEC announcements and press releases
Story
Mango Markets Entities to Pay $700K in SEC Settlement Over Unregistered $70M MNGO Token Sales, Broker Activity
Sep 27, 2024, 06:52 PM
On September 27, 2024, the US Securities and Exchange Commission (SEC) announced charges against entities operating the crypto asset trading platform Mango Markets—including Mango DAO, Blockworks Foundation, and Mango Labs—for unregistered offers and sales of the platform's "MNGO" governance tokens and unregistered broker activity. The SEC alleged that Mango Markets raised $70 million through these unregistered token sales and brokerage activities without proper registration. The entities have agreed to settle the charges by paying $700,000 in penalties.
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Similar markets
Yes • 50%
No • 50%
Full compliance and no further actions • 25%
Partial compliance with additional penalties • 25%
Non-compliance and additional charges • 25%
Other • 25%
Settlement finalized • 25%
Settlement rejected • 25%
New charges filed • 25%
No action taken • 25%
Launches new token with proper registration • 25%
Shuts down operations • 25%
Continues operations without issuing new tokens • 25%
Other • 25%
Cease all operations • 25%
Continue with reduced operations • 25%
Continue with no changes • 25%
Rebrand or restructure • 25%
Yes • 50%
No • 50%
