Mango Markets to wind down in wake of SEC settlement, DAO battle

Mango Markets, the Solana-based decentralized exchange which suffered an infamous $110 million exploit in October 2022, announced it would be winding down operations in an X post on Saturday. DAO proposals to make most borrowing on the exchange “economically unviable” will become executable on Monday, Jan. 13, at 8 p.m. UTC.