Mango Markets Faces Regulatory Scrutiny as DEX’s Governing Body Appoints a Rep for US Matters Decentralized crypto exchange Mango Markets, which lost over $100 million to alleged fraudster Avi Eisenberg last year, is now facing regulatory inquiries from US authorities, according to posts on its Discord server. The exchange’s governing body, MangoDAO, is voting on appointing a representative to handle US regulatory matters on its behalf. Mango Labs, the previous legal guardian of the DEX, is stepping back due to a potential conflict of interest. The regulators asking questions are not named, but the proposal being voted on mentions inquiries from the SEC, and CFTC.
Source: https://coinpedia.org/crypto-live-news/mango-markets-faces-us-regulatory-inquiries/