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Exchange record

Mango Markets

Solana-based decentralized exchange and lending/trading protocol that wound down after a 2022 exploit and a 2024 SEC settlement. Governance restrictions became executable in January 2025, and Mango's later official shutdown update set February 3, 2025 as the final closure date.

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

Registry sequence

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Key facts

Launch date
2021-08-01
Death date
2025-02-03
Years
2021–2025
Origin
Solana ecosystem
Confidence
high
Last verified
2026-06-28

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

Solana-based decentralized exchange and lending/trading protocol that wound down after a 2022 exploit and a 2024 SEC settlement. Governance restrictions became executable in January 2025, and Mango's later official shutdown update set February 3, 2025 as the final closure date.

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.

Mango Markets final closure date reached
2025-02-03shutdown_effectivecritical

Mango's official shutdown update set February 3, 2025 as the final closure date and asked users to close positions before that time.

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
Mango Markets Shutdown Update
Mango Markets2025-01-18official_socialhigh reliabilitydeath_datearchive
SEC Charges Entities Operating Crypto Asset Trading Platform Mango Markets
U.S. Securities and Exchange Commission2024-09-27regulatory_noticehigh reliabilitydeath_reasonarchive

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Notes and record state

Record note
Retain dead / regulation. January 13, 2025 remains an important governance wind-down milestone, but the later first-party shutdown update explicitly set February 3, 2025 as the closure date; HEI therefore uses February 3 as the entity death_date. The 2022 exploit remains major background rather than 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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