<ul><li>Mango Markets, a decentralized exchange (DEX) on the Solana blockchain, is closing down after facing legal problems.</li><li>The platform faced a settlement with the SEC for selling unregistered tokens and paid a $700,000 fine.</li><li>Mango Markets suffered a major exploit in 2022, losing over $100 million, which further damaged its reputation.</li><li>After months of legal issues, Mango Markets decided to close, ending its operations in early 2025.</li></ul>

Mango Markets Closes Operations After SEC Settlement

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