Mango Markets

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Exchange record

Solana-based decentralized exchange and lending/trading protocol that wound down after a 2022 exploit, 2024 SEC/CFTC-related regulatory settlements, and January 2025 governance changes that made borrowing and new positions economically unviable.

DEXDeadRegulation

Also known as: Mango, Mango v4, Mango DAO, MNGO

Registry sequence

← Garantex

BCM Exchange →

Key facts

Launch date

2021-08-01

Death date

2025-01-13

Years

2021–2025

Origin

Solana ecosystem

Confidence

high

Last verified

2026-04-26

URL handling

Preferred action

Use current URL handling based on status below.

URL status

Unknown

Original URL

https://mango.markets/

Archived URL

View archived site

Summary

Timeline

SEC settled charges against Mango Markets entities

2024-09-27regulatory_actioncritical

The SEC filed settled charges against Mango DAO, Blockworks Foundation, and Mango Labs over unregistered offers/sales of MNGO tokens and unregistered broker activity connected to the Mango Markets platform.

Mango Markets announced it would shut down

2025-01-11shutdown_announcedcritical

Mango Markets announced that users should close positions and that Mango v4 / Boost were winding down, with governance proposals set to make most borrowing economically unviable.

Mango Markets wind-down proposals became executable

2025-01-13shutdown_effectivecritical

Governance proposals tied to the wind-down became executable on January 13, 2025, effectively ending core borrowing/lending/trading viability on Mango v4 / Boost.

Evidence

SEC Charges Entities Operating Crypto Asset Trading Platform Mango Markets

U.S. Securities and Exchange Commission2024-09-27regulatory_noticehigh reliabilityeventarchive

Mango Markets shuts down following SEC settlement

Cointelegraph2025-01-12news_articlehigh reliabilityeventarchive

Mango Markets To Wind Down Operations After $110 Million Exploit and SEC Settlement

CoinMarketCap Academy—database_referencemedium reliabilityeventarchive

Related records

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Notes and record state

Record note

Classified as dead / regulation because the terminal wind-down followed SEC settlement and regulatory/legal pressure, with governance actions effectively ending core borrowing/lending/trading activity. The 2022 exploit is important background but not the immediate death_reason.

Revision state

Records may be incomplete, approximate, contested, or revised as better evidence becomes available.

This record may be incomplete or revised. Dead-side entries prefer archived URLs over original domains. Dates, causes, and classifications may change when stronger evidence becomes available. Contact / corrections

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