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VOICE ARCHIVE

@0xgoku_

@0xgoku_
8 posts
2024-09-29
The interesting parts? How this so-called DAO operates from the SEC's perspective. • Submitting proposals requires tech skills—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]
2024-09-29 View on X
CoinDesk

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...

View original
Amusingly, the Mango Markets litepaper also promises users automatic interest for depositing funds. They must have really not given a damn about the SEC back then—just like so many projects today. [image]
2024-09-29 View on X
CoinDesk

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...

View original
The SEC notes Mango Labs and Blockworks only pretended and eventually failed to enforce geographical restrictions, letting U.S. users access the sale. Even worse, they encouraged VPN use on their socials, including Discord. [image]
2024-09-29 View on X
CoinDesk

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...

View original
I skimmed the latest SEC allegations against entities operating Mango Markets and MNGO governance token. The 28-page doc feels familiar—nothing new. But the last 7 pages shift focus back to Solana and also give some insights about how they evaluate DAO decentralization..🧵 [image]
2024-09-29 View on X
CoinDesk

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...

View original
2024-09-28
Amusingly, the Mango Markets litepaper also promises users automatic interest for depositing funds. They must have really not given a damn about the SEC back then—just like so many projects today. [image]
2024-09-28 View on X
CoinDesk

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

Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.

View original
I skimmed the latest SEC allegations against entities operating Mango Markets and MNGO governance token. The 28-page doc feels familiar—nothing new. But the last 7 pages shift focus back to Solana and also give some insights about how they evaluate DAO decentralization..🧵 [image]
2024-09-28 View on X
CoinDesk

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

Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.

View original
The interesting parts? How this so-called DAO operates from the SEC's perspective. • Submitting proposals requires tech skills—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]
2024-09-28 View on X
CoinDesk

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

Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.

View original
The SEC notes Mango Labs and Blockworks only pretended and eventually failed to enforce geographical restrictions, letting U.S. users access the sale. Even worse, they encouraged VPN use on their socials, including Discord. [image]
2024-09-28 View on X
CoinDesk

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

Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.

View original