A SEC cobra da Mango Markets, Mango Labs e Blockworks Foundation por vendas não registradas de tokens MNGO de US $ 70 milhões, violando as leis de valores mobiliários. SEC charges Mango Markets, Mango Labs, and Blockworks Foundation for unregistered $70M MNGO token sales, violating securities laws.

A SEC acusou a Mango Markets, juntamente com suas afiliadas Mango Labs e Blockworks Foundation, por vendas não registradas de seus tokens de governança MNGO, violando as leis de valores mobiliários. The SEC has charged Mango Markets, along with its affiliates Mango Labs and Blockworks Foundation, for unregistered sales of its MNGO governance tokens, violating securities laws. As entidades arrecadaram mais de US $ 70 milhões de investidores, incluindo os dos EUA, sem registro adequado, privando-os de proteções aos investidores. The entities raised over $70 million from investors, including those in the U.S., without proper registration, depriving them of investor protections. Eles concordaram com um acordo envolvendo quase US $ 700.000 em penalidades e a destruição de tokens MNGO, aguardando a aprovação do tribunal. They have agreed to a settlement involving nearly $700,000 in penalties and the destruction of MNGO tokens, pending court approval.