What is mango (Mngo)?

Mango is a decentralized crypto exchange on the Solana blockchain that offers users the ability to make spot trades and loans. Mango's MNGO token was down over 42% in value in the past 24 hours amid fears the platform may have been exploited, according to price data from CoinMarketCap. CoinDesk has reached out to Mango for comment.

Is mango a decentralized finance platform?

Mango, a decentralized finance platform hosted on the Solana blockchain, has been exploited for over $100 million. The exploit was initially reported on Twitter by blockchain auditors OtterSec, who say “the attacker was able to manipulate their Mango collateral.”

What happened to Mango's Mngo token?

Mango's MNGO token was down over 40% after suffering from the latest massive decentralized finance exploit. The pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ... Mango, a decentralized finance platform hosted on the Solana blockchain, has been exploited for over $100 million.

What is mango markets?

Mango Markets is a Solana-based platform for trading digital assets on the Solana blockchain for spot margin and trading perpetual futures. Mango Markets is governed by Mango DAO. "It's an economic design flaw," OtterSec founder Robert Chen told Decrypt via Telegram, adding that it's a risk that Mango Markets had already acknowledged.