Mango DAO agrees to destroy MNGO tokens in settlement with SEC
Mango DAO has agreed to settle charges with the US Securities and Exchange Commission over the sale of “MNGO” tokens without admitting or denying the allegations by the regulator. In a statement Friday, the SEC said it filed settled charges against Mango DAO and Blockworks Foundation, a Panama entity, for “engaging in unregistered broker activity […]
Mango DAO has agreed to settle charges with the US Securities and Exchange Commission over the sale of “MNGO” tokens without admitting or denying the allegations by the regulator.
In a statement Friday, the SEC said it filed settled charges against Mango DAO and Blockworks Foundation, a Panama entity, for “engaging in unregistered broker activity in connection with various crypto assets being offered and sold as securities on the Mango Markets platform.”
Mango agreed to pay nearly $700,000 in civil penalties, destroy their MNGO tokens, and request the removal of MNGO tokens from trading platforms, among other things.
This is a developing story.
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