As part of the settlement, Mango’s decentralized autonomous organization (DAO) agreed to pay $700,000 in civil penalties, destroy MNGO tokens, and petition exchanges to delist the tokens

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Mango Markets shuts down following SEC settlement

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The Mango DAO agreed to pay $700,000 in penalties as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker

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The Mango DAO agreed to petition exchanges to delist the MNGO token as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker

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The Mango DAO agreed to destroy all MNGO tokens in its possession as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker

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The Mango DAO agreed to pay $700,000 in penalties as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker

The Mango DAO agreed to petition exchanges to delist the MNGO token as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker

The Mango DAO agreed to destroy all MNGO tokens in its possession as part of the September 27, 2024 settlement with the SEC for selling unregistered securities and acting as an unregistered broker