Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement
a downside. • Proposals had a 3-day voting period, needing 2% of the token supply. • If the majority said AYE, it was implemented in 2 days. [image] @0xgoku_ : Amusingly, the Mango Markets litepaper a...
SBF testifies that he only understood “pieces” of his companies' full financial state and was “very surprised” by FTX's $8B balance-sheet hole in October 2022
Bankman-Fried Testifies About FTX's Operations and Alameda The Block : SBF paints alternative view of his knowledge of the Fiat@ account in court Vinicius Barbosa / Finbold : FTX founder knew ‘basical...
A US judge says Ripple's XRP sales to sophisticated investors violated securities law but that sales on exchanges were not offers of securities
and this week it got a big one Hassan Shittu / Cryptonews : Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit Mutuma Maxwell / Cryptopolitan : Binance clients rally behind enigmat...
FTX US tells users to close out positions as it may halt trading in days, hours after SBF said FTX US is “100% liquid”; some Tron-linked tokens can be withdrawn
eg. Bahamas account creates an NFT, the stuck user buys the NFT with their full balance. https://twitter.com/... @statelayer : lots of sizable withdraws hapenning in the last hrs (this is USDT) , peop...
The hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi project after a Mango community vote; he claims all his actions were legal
the exchanges that... 1/2 Bucky Cantor / @buckycantor : If you rob a bank you can't say it's not your fault because the bank was defended poorly. “Code is law” = BS. Hackers should be grateful for meg...
Solend Labs, a “decentralized” lending protocol on Solana, overturns a controversial DAO vote to take over a whale's account that had deposited ~5.7M SOL
if they had the power to do this in the first place, it was never a DeFi protocol This shouldn't be an option at all https://twitter.com/... @vikingxbt : Damage is done already. https://www.theblock.c...
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL
- Solend has invalidated yesterday's controversial DAO decision to take over its largest user account.