1 year ago
A governance connection seeking to wage up to $47 cardinal to the Mango Markets hacker is acceptable to beryllium approved arsenic it reaches an support quorum of implicit 96%.
Following the Mango Markets hack of Oct. 12, the hacker submitted a proposal asking the task to usage up to $70 cardinal from its treasury to repay immoderate atrocious debts. He agreed to instrumentality the funds upon gathering his terms.
In response, the task squad created a proposal connected Oct. 14, seeking to travel to presumption with the hacker. As per the proposal, the hacker volition instrumentality up to $67 cardinal and support the remaining $47 cardinal arsenic a bug bounty.
A enactment to the hacker reads:
“Within 12 hours of the connection opening, you shall nonstop backmost the assets different than USDC, MSOL, MNGO, and SOL arsenic a amusement of bully faith.”
Mango Markets’ designated wallet for the refund has received lone $8 cardinal since the connection launched immoderate 12 hours ago.
If the hacker makes bully connected his promise, mango DAO treasury volition implicit the remaining funds needed to wage disconnected the $70 cardinal atrocious debt.
According to the Mango team, each deposits volition person their refunds erstwhile the connection is passed and the hacker returns the funds.
As of property time, the connection has reached a quorum of implicit 96%, with 119,000 votes successful affirmation. Expectedly, the connection volition beryllium passed connected Oct. 15, astatine astir 5:30 americium EST.
According to CryptoSlate data, the MNGO token is recovering having accrued by astir 11% successful the past 24 hours, and trading astatine $0.02615.
The station Mango Markets DAO acceptable to o.k. $47 cardinal bounty for hacker appeared archetypal connected CryptoSlate.
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