A SEC dos EUA acusou a Mango DAO e a Blockworks Foundation de venderem ilegalmente o MNGOToken, e ambas as partes pagarão uma multa de 700 mil dólares e interromperão as atividades relacionadas com MNGO
BlockBeats news, on September 28th, according to official sources, the US Securities and Exchange Commission (SEC) today filed settlement charges against Mango DAO and Blockworks Foundation, accusing them of participating in the unregistered issuance and sale of 'MNGO' encryption assets. SEC also filed settlement charges against Blockworks Foundation and Mango Labs LLC, accusing them of participating in unregistered brokerage activities, involving the issuance and sale of various encryption assets in the form of securities on the Mango Markets platform. According to the SEC's complaint, starting from August 2021, Mango DAO, allegedly a decentralized autonomous organization (DAO), and the Panamanian entity Blockworks Foundation raised over 70 million dollars from hundreds of investors worldwide, including in the United States, through unregistered offers and sales of MNGO Tokens (the so-called governance tokens of the Mango Markets platform). The two entities ultimately agreed to settle with the SEC, accepting its injunctions and orders, jointly paying nearly $700,000 in civil fines, and destroying their MNGO Tokens, removing MNGO Tokens from the trading platform, and ceasing to solicit any trading platform to allow the trading, offering, or sale of MNGO.
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A SEC dos EUA acusou a Mango DAO e a Blockworks Foundation de venderem ilegalmente o MNGOToken, e ambas as partes pagarão uma multa de 700 mil dólares e interromperão as atividades relacionadas com MNGO
BlockBeats news, on September 28th, according to official sources, the US Securities and Exchange Commission (SEC) today filed settlement charges against Mango DAO and Blockworks Foundation, accusing them of participating in the unregistered issuance and sale of 'MNGO' encryption assets. SEC also filed settlement charges against Blockworks Foundation and Mango Labs LLC, accusing them of participating in unregistered brokerage activities, involving the issuance and sale of various encryption assets in the form of securities on the Mango Markets platform. According to the SEC's complaint, starting from August 2021, Mango DAO, allegedly a decentralized autonomous organization (DAO), and the Panamanian entity Blockworks Foundation raised over 70 million dollars from hundreds of investors worldwide, including in the United States, through unregistered offers and sales of MNGO Tokens (the so-called governance tokens of the Mango Markets platform). The two entities ultimately agreed to settle with the SEC, accepting its injunctions and orders, jointly paying nearly $700,000 in civil fines, and destroying their MNGO Tokens, removing MNGO Tokens from the trading platform, and ceasing to solicit any trading platform to allow the trading, offering, or sale of MNGO.