Mango Markets Intends to Resume Operations Despite SEC Claims

The developers of Mango Markets have announced they are ready to restart the protocol despite the claims of the SEC, which says that the native token of the MNGO project is a security.

During a team call on January 23, Mango Markets founder Dafydd Durairaj promised to continue updating the platform’s software, which will allow to resume work with the fourth version of the protocol.

A group of traders led by Abraham Eisenberg attacked the DeFi trading platform, which is based on Solana, in October and stole about $116 million in digital assets. The project community supported the deal with the hackers, under which they returned $69 million in exchange of a $47 million reward.

US Attorneys arrested Eisenberg on charges of commodity and price fraud in December.