Mango Market's DAO forum set to approve $47M settlement with hacker
Cointelegraph
Published Oct 14, 2022 05:16PM ET
Updated Oct 16, 2022 07:40PM ET
Following a $117 million exploit on Oct. 11, the Mango Markets community is set to make a deal with the situation by allowing the hacker to keep $47 million as a bug bounty, according to the decentralized finance (DeFi) protocol governance forum.
The proposed terms reveal that $67 million of the stolen tokens will be returned, while $47 million will be kept by the hacker. 98% of the voters, or 291 million tokens, have voted in favor of the deal, which also stipulates that Mango Markets will not pursue criminal charges against the hacker.
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Written By: Cointelegraph
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