Mango Markets hacker proposes steep settlement By Cointelegraph
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Mango Markets hacker proposes steep settlementOn Oct. 12, one day after $117 million was drained from DeFi platform Mango Markets via a price feed exploit, the hacker responsible for the attack demanded a settlement. The proposal was filed on the Mango Markets decentralized autonomous organization (DAO) governance forum.
If passed, the procedure would involve the hacker sending stolen MNGO, SOL (SOL) and Marinade Staked SOL tokens to an address provided by the Mango DAO team. Users without bad debt will be remade whole. However, the hacker demands that any bad debt be viewed as a bug bounty and insurance, to be paid out via the community treasury worth 70 million (USDC), or $70 million.
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Mango Markets hacker proposes steep settlementOn Oct. 12, one day after $117 million was drained from DeFi platform Mango Markets via a price feed exploit, the hacker responsible for the attack demanded a settlement. The proposal was filed on the Mango Markets decentralized autonomous organization (DAO) governance forum.
If passed, the procedure would involve the hacker sending stolen MNGO, SOL (SOL) and Marinade Staked SOL tokens to an address provided by the Mango DAO team. Users without bad debt will be remade whole. However, the hacker demands that any bad debt be viewed as a bug bounty and insurance, to be paid out via the community treasury worth 70 million (USDC), or $70 million.
Continue Reading on Coin Telegraph
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