MANGO DAO AND MANGO MARKETS AGREE TO SETTLE SEC CHARGES INVOLVING UNREGISTERED SALE OF MNGO TOKENS

Summary from the TLDR Crypto newsletter

The Mango DAO has settled with the SEC after being charged with offering an unregistered security - the MNGO crypto asset. The DAO, Mango Labs, and the Blockworks Foundation will pay $700,000 in penalties and burn their MNGO tokens.