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Mango Markets hacker proposes steep settlement

If passed, the procedure would involve the hacker sending stolen MNGO, SOL (SOL) and Marinade Staked SOL tokens to an address provided by the Mango DAO team. Users without bad debt will be remade whole. However, the hacker demands that any bad debt be viewed as a bug bounty and insurance, to be paid out via the community treasury worth 70 million USD Coin (USDC), or $70 million.

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Source: Cryptocurrency - investing.com

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