|All Time High:
|The price of #MNGO today is $0.014 USD.
The lowest MNGO price for this period was $0, the highest was $0.014, and the exact current price of one MNGO crypto coin is $0.01425.
The all-time high MNGO coin price was $0.50.
Use our custom price calculator to see the hypothetical price of MNGO with market cap of SOL or other crypto coins.
|The code for Mango crypto currency is #MNGO.
Mango is 2.5 years old.
|The current market capitalization for Mango is $18,318,480.
Mango is ranked #576 out of all coins, by market cap (and other factors).
|The trading volume is medium today for #MNGO.
Today's 24-hour trading volume across all exchanges for Mango is $201,143.
|The circulating supply of MNGO is 1,285,745,903 coins, which is 26% of the maximum coin supply.
Mango Monitor: August Issue
Mango DAO closed out the summer with several major announcements, the conclusion of our trading competition and UI feature additions. Below we highlight key updates from the community. Announcement: Mango v4 The core developer team has been working stealthily on Mango’s new version all year (v3 is the current release). As the launch approaches, we announced expected new features. v4 will offer unlimited tokens versus the current 15-token cap. The upgrade will also enable flash loans so external trading via programs like Jupiter is possible within your Mango account. The alpha release should become available in October with additional access and features added throughout the fall. Read the full v4 feature preview here. Audit Completion We have published our audit from Neodyme, a leading Solana consultancy. The auditors made several recommendations and all have since been resolved. The report’s completion is later than we would have preferred but that is an unfortunate byproduct of high demand for Solana audits and the complexity of Mango’s program. We are glad to have a successful review and hope it instills additional confidence within our community. Another audit will be commissioned for v4 when appropriate. Review the full audit report here. — @mangomarkets Serum Trading Competition Our inaugural trading competition is ending in mid-September after 8 successful weeks. Each week participants we...
Mango v4: Feature Preview
Almost one year ago, Mango v3 introduced the first on-chain perpetual exchange to Solana. The program has successfully executed over $28bn in volume since that launch and remains the leading Solana DEX for spot and perp assets. Mango’s founding ethos was “long & short everything”. Many upgrades were implemented since v3’s launch but the design could not support Mango’s ultimate goal. The team has been working quietly for many, many months on our next iteration and Mango v4 is finally within reach. We are now ready to introduce our v4 product and below we highlight some of the expected feature upgrades. Note, it’s still under development and we have not reached the alpha release yet, which means everything said here is tentative and subject to change. — Unlimited Tokens - The most painful limitation in v3 was the restriction to 15 oracle slots, meaning at most 15 tokens (including spot and perps) could be available on Mango. This is solved: v4 supports an arbitrary number of each. Mango is a cross-margining system, so we cannot make adding tokens fully permissionless for safety reasons. To make adding tokens easier and faster in spite of that, v4 adds a new category of “untrusted” token that can be deposited, borrowed, traded, etc. — but do not count as collateral and are not covered by the insurance fund. With that, the risk of adding tokens is highly reduced. There will be a streamlined pr...
Mango Monitor: July Update
July included a major partnership announcement and the kickoff of our trading competition. Meanwhile, Mango’s dev team remains laser-focused with new features planned for imminent release. Catch up below on all the latest developments in the Mango community. “Mangolana” The DAO has entered into an expansive new partnership with the Solana Foundation. The joint venture is a recognition of Mango’s contribution to the Solana protocol and the symbiotic nature of ongoing collaboration. The structure will incentivize ongoing collaboration from Mango with funding provided by the Solana Foundation. Mango is seeding a sub-DAO focused on optimizing Solana to fulfill its founding ethos: NASDAQ on the blockchain. The Solana Foundation has authorized a 1mm SOL grant (yes, ~$40mm USD at current prices) to fund operations. This grant will be spread evenly over five years with specific performance and vesting requirements. Solana’s funding will enable Mango to grow the development team and dedicate resources to Solana’s DeFi utility. The initial focus is testing the current architecture’s limits, identifying specific bottlenecks and then resolving those constraints. Mangolana should become the leading DeFi research hub within the Solana ecosystem. Read more discussion around the proposal on our governance forum. Updates will be ongoing as Mangolana ramps up its contributions.Serum competition is live with 5 weeks remaining. Seru...
Mango Monitor: June Edition
Mango enjoyed a busy start to Solana summer with an unexpected whale sighting, publication of our inaugural financial report and several contentious governance decisions. Below is a quick recap of key happenings in the Mango-verse. Section I: Financial Report The DAO published our inaugural financial review after months of preparation behind the scenes. The report features a detailed breakdown of all revenue and expenses since the protocol’s inception. The project also includes a breakdown of the treasury value and illustrative projections. We prepared summary slides in addition to the full working model available for all to review (slides, forum discussion, spreadsheet details). This level of transparency is unprecedented within the Solana ecosystem. We understand the trust placed in Mango by all constituents whether traders, lenders or contributors. Open source financials enable better oversight of DAO spending and will help inform growth plans going forward. The robust USDC treasury should instill confidence for all community members that Mango will continue building regardless of market conditions and can be a trusted venue to deploy capital during these turbulent times. We encourage everyone to check out the materials. These financials will be updated monthly going forward to provide ongoing disclosure. Questions or comments can be directed towards the forum post. — @m_schneider Section II: Whale ...
Mango Monitor: May Madness
May was a turbulent month for markets as a macro downturn snowballed into collapse for the entire Luna ecosystem. However, Mango’s are a hardy fruit that thrive despite occasional hurricanes. The community remains focused on building the premier DeFi exchange regardless of some stormy days. Section I: Assessment of Performance during Volatility Given the recent challenges of many projects, below is a brief review of Mango’s performance during the Luna drawdown. The protocol saw elevated volume and its highest number of daily active users in months as traders rushed to manage their exposure. The exchange remained fully operational throughout the turbulence with active market makers and immediate liquidity. Mango processed over $22mm in liquidations during the first two weeks of May and only suffered a $162k withdrawal from the insurance fund. This performance during a period of substantial Solana congestion demonstrates the stability of the platform and depth of the liquidator ecosystem. For Luna assets specifically, UST was never accepted on Mango so the program had no exposure to de-peg risk. LUNA perp and spot tokens are now in reduce-only mode. All users were able to close their positions and withdraw profits. Mango has over $10mm in its insurance fund and a $70mm treasury in total. Users should feel confident in the project’s ability to weather any market environment. — @mangomarkets Section II...
Mango Monitor: April Edition
April was a nasty month for the market but Mango DAO was busy improving the product for bulls, bears and funding rate farmers. Below is a brief roundup of news from the community. — @jackshaftoes SECTION I: LIQUIDITY UPDATE Order book liquidity has reached all time highs following the implementation of a revised market maker incentive program. Mango typically has over $2mm of SOL-PERP orders on the books. Order slippage is comparable to centralized venues like FTX on many pairs and frequently better with the benefit from Mango’s lower fees.Order book liquidity has hit all time highs with over $2mm of SOL-PERP live orders typically. Traders can monitor real time liquidity comparisons across venues, slippage statistics and market maker performance on Mangolorians custom dashboards (here). SECTION II: GOVERNANCE NEWS Dashboard: The team has created a new dashboard to monitor MNGO token statistics. Highlights include 124mm MNGO locked. This represents over 10% of MNGO issued opting to lockup for enhanced governance powers. Individual wallets with amount and locked duration can be reviewed on the site along with details on liquidity mining emissions and contributor grants. Checkout the dashboard here.Summary stats from the new Mango governance dashboard. New Asset Listing: The community has been debating the best new asset to list. Mango’s v3 architecture only has capacity for one more oracle spot so this ...
The Mango Monitor: Q1 Edition
Housekeeping note: Mango is launching a newsletter to summarize relevant updates for community members. Primary topics are product updates, governance decisions and key performance metrics. This edition will cover all of Q1 and is rather lengthy but we’ll strive to keep things punchy in the future with a monthly schedule. A follow-up report focusing on product KPIs should be published next week. INDEX I — Product Updates II — Governance Changes III — Composability Corner IV — Content Roundup V — Dev Toolbox SECTION I: PRODUCT UPDATES Fee Reductions and Referrals Codes: The largest change this period is the introduction of fee discounts for MNGO holders and referrals. Previously, perp trades were charged fees of 5bps for takers (market-style orders) and rebates of 4bps for makers (limit-style orders). Users with at least 10k MNGO in their account are now only charged 4bps taker fees and receive 3bps maker rebates. For anyone without 10k MNGO, they should create an account using a referral link (here is one). They will then automatically receive a 0.2bps discount on taker orders (4.8bps vs. 5) and 0.8bps of fee revenue will flow to their referral source. Overall, this system lowers fees and promotes MNGO ownership. The referral system further encourages users to spread the word about Mango’s smooth trading experience since they can earn revenue from referring others. See here for full de...
Marinade (MNDE) Investment Thesis: Part 1
Introduction: Marinade offers decentralized and non-custodial liquid staking on Solana via their mSOL token. MNDE is the project’s governance token. The first half of this article reviews the merits of mSOL liquid staking while the second half evaluates the investment prospects of the MNDE token. Part 2 will be published soon with more details on the valuation and tokenomics.mSOL Overview - Benefits of Liquid Staking (mSOL) vs. Direct Staking: Rehypothecation is the largest advantage. Investors can borrow or lend against their mSOL while still earning the staking yield. Holders can use this collateral value to support other trading strategies or lever up their staking yield in low risk ways(i). mSOL offers a liquidity advantage. The token can be sold or unstaked immediately while direct staking requires an unstaking period of 1–3 days before custody of one’s SOL is returned. Liquid staking provides tax benefits in many jurisdictions. The token is structured to increase in price relative to SOL as the staking value accrues (for example: 1.07 mSOL/SOL after 1 year, 1.145 mSOL/SOL after 2 years, etc.). Direct stakers are rewarded daily with new SOL tokens for their service. The distinction is mSOL staking yield can be considered capital gains (potentially long term) with taxes due only upon sale. Direct stakers owe taxes each time they receive their fractional rewards in new SOL. The direct SOL issuance is considered ordi...
Solana Application Value Framework
First night in Lisbon ahead of Breakpoint. The Solana ecosystem is one of most of exciting places in crypto right now. Their latest hackathon had 568 project submissions[i] and thousands of participants are expected in Lisbon this week for the first in-person conference. As someone spending the majority of my time researching Solana, it has become impossible to track much of the development activity and I am extremely bullish on the ecosystem as a whole. Traditional Protocol Valuation: I generally ascribe to Multicoin’s thesis on protocol value. I recommend anyone unfamiliar read their entire canon on valuation but the general framework is application value accrual requires a combination of (i) risk management, (ii) governance value and (iii) unforkable state.[ii] The ubiquity of order books on Solana presents an interesting twist to this model and should accelerate the commodification of less attractive applications but the current bull market is ignoring this eventuality. An objective assessment of value creation is important for investors and developers as we work to establish the Solana ecosystem. One Order Book to Rule them All: The clearest differentiation between EVM chains and Solana is its order-book implementation. This feature is what attracted SBF to Solana and makes many of the ETH-inspired protocols on SOL antiquated. I’m not going to rehash the merits of a central limit order book vs. AMMs as the issue is ...
PysOptions: Protocol Opportunity and Challenges
PsyOptions: Protocol Opportunity and Challenges - Product Introduction: PsyOptions is a decentralized options exchange built on Solana. The project won first place in the inaugural Solana x Serum hackathon in March 2021 and launched on mainnet in late August. The platform itself is relatively simple: a central limit order book for physically-settled options. PsyOptions currently offers puts and calls on BTC/ETH with various strikes through a straightforward UI.UI for Bitcoin option trading. The product will be familiar to anyone accustomed to trading options in TradFi but is unique in the DeFi space. DeFi has struggled with derivatives given the transaction cost and latency inherent in public blockchains. Options in particular face challenges around required user sophistication and on-chain margin capabilities. PsyOptions developed interesting solutions to these problems and could be a key piece of the Solana DeFi ecosystem. Before exploring its unique attributes, a brief review of the current options landscape. Market Opportunity: Options are a large and lucrative asset class in traditional finance. For context, during September 2021, U.S. equity-linked options volume was $250bn[i], crypto options volume was $28bn[ii] and crypto perpetual volume was over $1.5tln[iii]. Options are a natural fit for crypto given the high retail participation with speculative impulses and desire for yield. The market is stunted by the current ...
More Mango (#MNGO) News
|Mango Markets Exploiter Avraham Eisenberg Wants to Keep $47M as Bounty
Avraham Eisenberg, the 27-year-old Puerto Rico man who made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022, is seeking to keep part of the funds as a bug bounty.
In a court document filed at the US District Court for the Southern District of New York on Wednesday, Eisenberg's lawyers claimed the exploiter had already returned enough of the funds, referring to the $67 million he gave back to the protocol after the incident and demands to keep the remaining assets to himself.
Lawyers: Eisenberg is Entitled to $47M
According to the motion, the attorney's claim follows a settlement proposal from the Mango DAO, which voted to allow Eisenberg to keep the remaining $47 million after returning the $67 million.
96.6% of the voters, representing 473,166 of the community, voted in favor of the proposal against only 3.4%, which set a precedent for the settlement.
Eisenberg later transferred crypto assets worth around $67 million to the community following the agreement. The attorneys disclosed that the case was settled with the vote, and he is now looking to enforce the terms of the deal.
'Weeks later, eligible Mango Markets members received reimbursement from the Mango Markets treasury. At that point, all involved considered this matter closed, and Mr. Eisenberg heard nothing further from Mango Markets,' the lawyers said.
However, Mango Markets claims it was under duress during the voting period, as the ...
|Mango Markets Sues Exploiter Avraham Eisenberg for $47M in Damages
Mango Markets' exploiter Avraham Eisenberg was hit with a lawsuit by Mango Labs, the company behind the DeFi protocol, for $47 million in damages.
The Wednesday filing with the United States District Court for the Southern District of New York alleges that Eisenberg executed a malicious attack on Mango Markets by manipulating the native token, MNGO, through 'fraud, deception,' and converted nearly $114 million from the depositors of the protocol into his own accounts.
Eisenberg in Trouble
A Mango Markets' related decentralized autonomous organization (DAO) and Eisenberg entered into an agreement that enabled the exploiter to keep $47 million from the exploit while protecting him against any potential criminal investigation. While he returned $67 million and retained the rest, Mango Labs now wants the remaining funds in damages in addition to interest starting from the time of the exploit in October last year.
The filing read,
'He forced Mango DAO to enter into an unenforceable settlement agreement—under duress—purporting to release depositors’ claims against him and precluding them from pursuing a criminal investigation. Following the Mango DAO vote regarding Defendant’s ultimatum, he returned approximately $67 million of the money he unlawfully recovered.'
The protocol's developer also called Eisenberg to be a 'notorious cryptocurrency market manipulator' and accused him of having a history of attacking multiple platforms as well as manipulating digit...
|US Authorities Charge Mango Markets Attacker — Defendant Arrested,...
The U.S. Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC), and the Department of Justice (DOJ) have charged an alleged attacker who stole $116 million from crypto trading platform Mango Markets. The defendant has been arrested and is currently detained in Puerto Rico.Mango Markets Manipulator Arrested, Detained
The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged Avraham Eisenberg with 'orchestrating an attack on a crypto asset trading platform, Mango Markets, by manipulating the MNGO token.' The regulator noted that the crypto token was offered and sold as a security.
The defendant is a 27-year-old U.S. citizen who is facing 'parallel criminal and civil charges' brought by the Department of Justice (DOJ) and the Commodities Futures Trading Commission (CFTC), respectively, the SEC added. The CFTC filed a civil enforcement action against Eisenberg on Jan. 9. He has been arrested and detained at MDC Guaynabo, Puerto Rico.
The securities watchdog explained that beginning on Oct. 11, 2022, while living in Puerto Rico:
Eisenberg engaged in a scheme to steal approximately $116 million worth of crypto assets from the Mango Markets platform.
He allegedly 'used an account that he controlled on Mango Markets to sell a large amount of perpetual futures for MNGO tokens and used a separate account on Mango Markets to purchase those same perpetual futures,' the regulator said.
In addition, Eisenberg allegedly mad...
|CFTC Charges Mango Markets Exploiter With Market Manipulation
The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.
The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement.
Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango Markets platform by engaging in a “manipulative” and “deceptive” scheme to inflate the price of swaps on the platform.
During the October exploit, Eisenberg manipulated the price of MNGO – the platform’s native token – such that he was able to “borrow” copious funds from the platform that he had no intention of repaying. He did this by initially purchasing 400 million MNGO-USDC Swaps on Mango Markets for roughly $19 million. Due to the relative illiquidity of MNGO, this purchase caused the token’s price to skyrocket from $0.04 to $0.54 apiece within 30 minutes.
Using the protocol’s Oracle reflecting this newly inflated MNGO price, Eisenberg was able to “borrow” – or drain – the protocol of all available liquidity. This included $114 million of far more liquid and popular cryptos, such as Bitcoin, Ether, and Tether. This left Mango Markets, and its other users with smaller position sizes, &ldqu...
|Mango Markets $110M Exploiter Arrested, Faces Charges in New York
Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango Markets.
This marks the first time a U.S. resident has faced charges for manipulating a DeFi platform.
Eisenberg Drains $110M from Mango Markets
Recall that Eisenberg admitted that his team used a 'highly profitable trading strategy' to drain Mango Markets of digital assets worth $110 million by manipulating the price of the platform's native token, MNGO, and withdrawing almost all of the crypto deposits from the protocol.
Due to his actions, investors lost almost all of their deposits on the DeFi platform, although Eisenberg later returned about $67 million to Mango Markets.
Fraud and Manipulation Charges
Despite the refunds, the DeFi protocol eventually became insolvent, and Eisenberg now faces charges of commodities fraud and manipulation, which could result in fines or prison time.
Eisenberg was arrested on Monday, December 26. According to a criminal complaint unsealed on Tuesday, the defendant allegedly increased the price of the swaps by 1,300% before using the inflated swaps to borrow and withdraw the assets within 20 minutes.
The complaint alleges that the defendant 'willfully and knowingly' manipulated the sale of a commodity – specifically, futures contracts on the DeFi protocol.
A deposition signed by FBI Special Agent Brandon Racz states that...
|Mango Markets Exploiter Says Profitable Traders Like Him Attract Jealous...
Avraham Eisenberg, the software coder and crypto trader behind Mango Markets' $100 million exploit, believes 'profitable traders' like himself attract a lot of jealousy and hate from other crypto traders.
Eisenberg shared his belief with Laura Shin during an interview on the Unchained Podcast on Friday. He argued that the public is bound to hate and criticize people who execute profitable arbitrages.
Hate for Profitable Traders
Recall that the Mango Markets exploit, which happened two weeks ago, drained the platform of its liquidity, leaving users unable to withdraw their assets. For Eisenberg, the incident was a 'highly profitable trading strategy,' but the crypto community thinks otherwise.
Eisenberg and his team executed a self-funded economic attack by manipulating the oracle price of MNGO, the native token of Mango Markets. The trader believes his team's actions were legal since they used the protocol as designed. Likewise, the affected project has been unable to press charges because the exploit could not be categorized as a hack.
During the interview, Eisenberg referred to profitable traders like him, who identify exploitable bugs in codes, alerted the protocols in question, and have earned billions from their discovery.
'I think that when there's any profitable trader, it's gonna attract some jealousy and some hate, and like you look at some of the stuff people say about Sam, and he's obviously made billions of dollars with various other profitable trades. He gets lo...
|Mango Markets Exploiter Launches Shitcoin to Abuse Bots, Warns Twitter C...
Last week, Mango Markets lost $115 million worth of crypto due to a “profitable trading strategy” employed by Avraham Eisenberg and his team.
While technically an exploit of the Mango Markets platform, no hacking was used in the operation, which, so far, seems to have been strictly legal.
Eisenberg went on to pay back $67 million to ensure that the platform users would be reimbursed.
Bots Beaten at Their Own Game
However, Eisenberg’s mischievous streak didn’t go anywhere – and in a recent Twitter thread, he announced the creation and subsequent rugpull of Mango Inu – a shitcoin he developed explicitly to target crypto buying bots created by people looking for a quick moonshot.
According to Eisenberg, the targeted bots bought up $250k worth of the shitcoins within half an hour. Eisenberg also explicitly stated that absolutely no promotion was made for Mango Inu in order to ensure the operation remained strictly legal. He also advised his followers not to buy the shitcoins, as they would only lose money.
The other day I deployed a shitcoin called Mango Inu and did absolutely no promotion. It got over 250k invested/gambled in like a half hour.
We're still so far away from the bottom.
(to be clear if you buy this you will definitely lose all your money)
— Avraham Eisenberg (@avi_eisen) October 23, 2022
If promotion had been done for Mango Inu, he could have been accused of fraud, selling unlicensed securities, etc. Since this was not th...
|Mango Madness: Exploiter Could Walk Away With Unparalleled ~$50M Bug Bou...
Forget March Madness, Mango Madness is in season this time of year. The Solana-based lending protocol has been a spectacle unlike any other throughout this week, and that's certainly saying something considering the amount of antics crypto brings to the table on frequent occasion. Since our first covering of Mango's exploit that led to a full-fledged drain of the protocol, things have only gotten more twisted and convoluted.
Let's take a look at how things have developed this week and where things go for Mango Markets moving forward.
A Mango Monstrosity
Mango's exploiter has generally been seen in the crypto community as less 'hacker' and more 'manipulator,' if we're being frank. Regardless, things got interesting after Tuesday's exploit when the attacker initiated a governance proposal; that proposal is said to have closed. However, a subsequently-created proposal by Mango Markets (which has now passed, as of Saturday morning) is phrased as a bug bounty to make users whole, but it settles Mango with just shy of $70M of their existing $114M balance. That leaves the exploiter with a nearly $50M 'bug bounty,' a strikingly large number compared to any previous bug bounty in crypto and one that has led to a large degree of criticism (look no further than the governance proposal's comment section for evidence of this).
The exploiter quickly deployed the MNGO tokens that they seized (roughly 30M tokens) to vote in favor of their own initial proposal, but did not seem to vote on the...
|Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exp...
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 million against the exploited collateral.Mango Markets Hacked for $117 Million, Blockchain Security Firm Summarizes the Attack Vector
On Tuesday, the Solana-based Mango Markets platform was hacked for $117 million. The team tweeted about the issue at 7:36 p.m. (ET) on October 11. “We are currently investigating an incident where a hacker was able to drain funds from Mango via an oracle price manipulation,” the Mango Market’s Twitter account detailed. “We are taking steps to have third parties freeze funds in flight. We will be disabling deposits on the front end as a precaution, and will keep you updated as the situation evolves.”
The blockchain security and auditing firm Certik summarized the Mango Market hack in a post mortem and the team explained that the hacker was able to manipulate the token mango (MNGO). “The attacker used two addresses to manipulate the price of MNGO – Mango’s native token and collateral asset – from $0.038 to a peak of $0.91,” Certik explained in a note sent to Bitcoin.com News. “This allowed them to borrow heavily against their $MNGO collate...
|Solana-Based Mango Protocol Suffers $100M+ Exploit
Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart - and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB. Another nine-figure exploit has rocked the crypto sphere, this time with Solana-based Mango Markets. The protocol faced a massive drain of funds, over $100M worth, after a hacker drained the project through price manipulation and high-dollar leverage.
Let's look at this latest exploit and what we know in the early hours.
The Price, Plus Pressure
We're fresh off the heels of a massive, six-figure exploit of Binance Bridge that resulted in newly minted tokens in the range of $500M in value. While not as high-dollar, news of another million dollar vulnerability in Ethereum-based Temple DAO is less than a day old. The combination with now this latest trio in October alone rings another stark reminder how much of a vital issue both smart contract security and risk management are in this space. The Mango Markets lending protocol was one of the top five largest in TVL on the Solana blockchain, according to data from DefiLlama.
Mango Markets (MNGO) protocol was practically drained on Tuesday following an exploit. | Source: MNGO-USD on TradingView.com
Mango Counters, Offers Bounty
Mango Markets has advised users not to deposit into the protocol following the exploit, and has asked the hacker to get in con...