First Mango Markets was allegedly victimized by a market manipulator, and now the crypto project’s backers are having to spend big on lawyers to pursue suits and other remedies realDannyNelson reports
raided the blockchain-based trading protocol Mango Markets for more than $100 million, the platform’s stakeholders are struggling to afford growing legal expenses.
And based on the early voting results on a key proposal from the platform’s founder, they appear reluctant to keep footing the bill. Mango Labs, the main company building the Solana blockchain-based exchange, is short on cash after burning nearly $2 million – its entireNow, with more “regulatory inquiries” looming, the company has asked members of Mango DAO – the so-called decentralized autonomous organization or DAO that oversees the protocol – to approve another $2 million for legal expenses. A person or account gets the right to vote by acquiring Mango DAO’s MNGO tokens.
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Tim Anderson and José Ramírez exchange punches, 6 ejected in White Sox-Guardians brawlTim Anderson of the White Sox and José Ramírez of the Cleveland Guardians exchanged punches at second base Saturday night, triggering a bench-clearing melee in the sixth inning that led to six ejections.
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