Mango Market's DAO Forum Approves $47 Million Settlement With Hacker

[coinnews]

According to the decentralized finance (DeFI) protocol governance forum, following a $117 million exploit on Oct. 11, the Mango Markets community is prepared to reach a deal with its hacker, enabling the hacker to keep $47 million as a bug bounty.

The proposed terms reveal that $67 million of the stolen tokens would be restored, while the hacker will keep $47 million. The arrangement was approved by 98% of voters, or 291 million tokens, and stipulates that Mango Markets would not seek criminal charges in the matter.


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[https://www.coingabbar.com/en/crypto-currency-news-english/mango-markets-dao-forum-approves-dollar-million-settlement-hacker]