💨 Abstract

The SEC has charged Mango Markets for unregistered sales of its digital asset token, identified as a security, and also settled charges against Mango Labs and Blockworks Foundation for failing to register as brokers. Earlier this year, a crypto trader was convicted of commodities fraud for rigging the Mango Markets exchange and stealing about $110 million from the platform.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖