MangoDAO to Use 42 Million USDC to Compensate Users for Losses

Oct 21,2022
KingData News: A proposal to transfer 42 million USDC from the Mango community has been voted on, with the funds earmarked to pay compensation to Mango v3 depositors for previously agreed bad debts caused by the exploitation of the Price Prediction Machine, according to a proposal earlier this week.
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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