The Mango Markets platform, which suffered a hack attack in October 2022, will soon start giving away funds that were stolen during the hack. This statement was made by the head of Mango Labs Daffy Durairaj.
Recently, the DAO Mango decided to hold a vote on how to compensate the funds of clients who have been scammed.
Experts decided to remind us that hackers attacked the cryptocurrency market and stole more than one hundred million. Because of this, the price of the native coin DEX MNGO collapsed. The Mango project relied on smart contracts to negotiate transactions between clients. They are completely decentralized and the centralized side does not control them.
Members of the (DeFi) Mango community have reached out to the hackers, asking for some of the stolen money back. Offering to keep a large amount of money in return, as a thank you for finding a bug in the protocol's smart contract.
