Mango Markets DAO platform set to take $47M settlement from hacker
Join Our Telegram channel to stay up to date on breaking news coverage Mango Markers suffered a $117 million exploit on October 11. The Mango Markets Community is now planning to reach a settlement deal with the hacker, and they will allow the threat actor to retain $47 million as a bug bounty. Mango Markets to take a $47M settlement from hacker The Mango Markets community plans to settle a deal with its hacker after losing $117 million because of an exploit. Mango Markets is a decentralized finance (DeFi) governance protocol. The proposed terms of this deal show that the attacker will return $67 million of the stolen funds. The hacker will also maintain $47 million of the stolen amount. The community has already approved the deal. 98% of the voters on the governance protocol, with 291 million tokens, have voted in favor of this deal. As part of the deal, the DeFi protocol will also not pursue criminal charges on the matter. The quorum for voting on this proposal has alread...