Mango Markets to wind down operations tomorrow following settlement with SEC
Solana-based DEX Mango Markets is gradually ending its operations after reaching a settlement with the SEC, conducting governance voting, and addressing legal issues stemming from a 2022 vulnerability. Yesterday, Mango Markets announced through its X account that it will "close the platform and it is time for users to close their positions." This follows the governance proposal's requirement to "adjust interest rates and collateral," ending the platform's lending exposure, which will take effect on January 13.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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