Mango Attackers Launch Community Vote on Proposal to Repay Bad Debt; Voting to End in 3 Days

Oct 12,2022
KingData News: Mango attackers have launched a community vote on a proposal to pay off bad debts. The proposal states that the mango treasury has about 70M USDC available to repay bad debt. All users who do not have bad debts will be compensated. Any bad debt will be considered a bug bounty / insurance and paid from the Mango treasury. If the proposal is approved, the attacker will send MSOL, SOL and MNGO from the account to the address published by the Mango team. In addition, the attackers have requested that the tokens be returned without being held criminally liable. Voting on the proposal will end in 3 days, with 99.9% of the vote currently in favor of the proposal. This news comes on the heels of a potential $100 million attack on Mango, a Solana-based DeFi platform. The attackers manipulated their Mango collateral and temporarily increased the value of the collateral, then obtained a large loan from the Mango treasury.
This metrics provides a follow-up of hack incidents such as the exploitation of the Harmony-eco cross-chain bridge Horizon and the NFT lending protocol XCarnival.
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