<ul><li>Mango Markets, a Solana-based decentralized exchange (DEX), will shut down operations today following a settlement agreement with the Securities and Exchange Commission (SEC).</li><li>The closure comes after facing regulatory scrutiny and unresolved challenges from a prior hack that compromised the platform's integrity.</li><li>As part of the settlement, Mango DAO agreed to pay a civil penalty, halt all MNGO token activity, destroy remaining tokens, and delist them from trading platforms.</li><li>The shutting down of Mango Markets serves as a reminder of the complexities decentralized systems face in balancing compliance and innovation, impacting the Solana ecosystem and other DeFi platforms.</li></ul>

Mango Markets Ends Operations After SEC Settlement Decision

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