Solana’s Former Top Decentralized Crypto Exchange Faces SEC Securities Violations

Bobby Cirus

Solana’s Former Top Decentralized Crypto Exchange Faces SEC Securities Violations

Solana’s Former Top Decentralized Crypto Exchange Faces SEC Securities Violations

Only the SEC’s investigation is at issue in Monday’s proposed settlement offer. According to the proposal, Mango DAO faces allegations that it sold an unregistered security. Mango Labs, the developer of Mango Markets, is accused of acting as an unlicensed broker. A related entity, Blockworks Foundation (not the media group), also faces similar claims from regulators.

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