COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- The high-profile exploit of Mango Markets in 2022, resulting in a $100 million drain, is still making headlines today.
- Recently, the SEC has filed settled charges against the Mango DAO and the Blockworks Foundation, accusing them of selling unregistered securities.
- The entities have agreed to a settlement involving a $700,000 civil penalty, destroying their MNGO tokens, and petitioning exchanges to delist these tokens.
SEC Charges Mango DAO: What It Means for the Crypto Industry
SEC Settlement with Mango DAO and Blockworks Foundation
The recent settlement reached by the United States Securities and Exchange Commission (SEC) with Mango DAO and the Blockworks Foundation marks a significant development in the crypto regulatory landscape. According to the SEC, both entities violated the Securities Act of 1933 by selling unregistered MNGO governance tokens, raising over $70 million. While the defendants neither admitted nor denied the wrongdoing, they have agreed to pay $700,000 in civil penalties, destroy their tokens, and urge exchanges to delist them. This settlement is still subject to court approval.
Implications of the SEC’s Actions
This SEC action underscores the regulatory body’s expanding oversight on decentralized platforms. Jorge Tenreiro, the acting chief of the Crypto Assets and Cyber Unit, emphasized that the label ‘DAO’ does not exempt projects from regulatory scrutiny. He argued that the use of automated processes and open-source software doesn’t alter the requirement for compliance with securities laws. This stance reinforces the notion that all entities within the crypto ecosystem must adhere to established regulations, regardless of their decentralized nature.
Past Exploits and Current Regulatory Pressures
The exploit of Mango Markets in 2022, which resulted in a $100 million loss, has significantly impacted how regulators view security within decentralized platforms. This incident heightened the awareness of vulnerabilities within the crypto industry and prompted a stronger regulatory response. The involved parties—Mango Labs, Mango DAO, and Blockworks Foundation—have faced increased scrutiny, leading to recent settlements and compliance mandates.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Mango DAO Community Vote and Future Proposals
In a proactive move, Mango DAO initiated a community vote on August 19, 2024, to propose settling with the SEC for $223,228 and destroying the remaining MNGO tokens. This proposal was overwhelmingly approved within two days. Additionally, Mango Markets has suggested offering the Commodity Futures Trading Commission a $500,000 settlement to conclude ongoing investigations. These steps highlight a trend of preemptive compliance and collaboration to mitigate further regulatory repercussions.
Conclusion
This series of events surrounding Mango Markets and its associated entities illustrates the evolving landscape of crypto regulation. The settlement with the SEC, the proactive community vote, and proposed settlements with other regulatory bodies all point toward a future where compliance and transparent governance will be crucial for the sustainability of decentralized platforms. For investors and stakeholders, these developments offer a clearer trajectory for regulatory expectations in the crypto industry. While the regulatory environment remains dynamic, adhering to established securities laws and engaging in proactive compliance measures will be paramount moving forward.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |