Mango Markets will gradually cease operations starting tomorrow, having previously reached a settlement with the SEC
Solana's on-chain DEX, Mango Markets, is gradually ceasing its operations after reaching a settlement with the SEC, conducting governance voting, and dealing with legal issues caused by vulnerabilities in 2022. Yesterday, Mango Markets announced through its X account that "it's time to close positions as the platform is shutting down". This move follows the requirements of "adjusting interest rates and collateral" in the governance proposal to end lending exposure on the platform which will take effect on January 13th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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