{"id":35089,"date":"2022-12-15T09:43:25","date_gmt":"2022-12-15T09:43:25","guid":{"rendered":"https:\/\/lydian.io\/?p=35089"},"modified":"2022-12-15T09:43:25","modified_gmt":"2022-12-15T09:43:25","slug":"mango-markets-dao-forum-to-approve-a-47-million-settlement-with-a-hacker","status":"publish","type":"post","link":"https:\/\/lydian.io\/mango-markets-dao-forum-to-approve-a-47-million-settlement-with-a-hacker\/","title":{"rendered":"Mango Market's DAO forum to approve a $47 million settlement with a hacker","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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After a $117 million exploit on October eleventh, the Mango Markets group needs to make a cope with their hacker. to allow<\/a> The hacker is claimed to be protecting $47 million as a bug bounty, based on the Decentralized Finance (DeFI) protocol governance discussion board. <\/p>\n The proposed phrases present that $67 million of the stolen tokens shall be returned, whereas $47 million shall be stored by the hacker. 98% of voters or 291 million tokens voted in favor of the deal, which additionally stipulates that Mango Markets won't file legal fees within the occasion. <\/p>\n If the quorum is reached, the vote is anticipated to happen on October fifteenth. The suggestion was:<\/p>\n \u201cThe funds transferred by you and the Mango DAO treasury shall be used to cowl any remaining unhealthy money owed within the log. All Mango depositors will recuperate. By voting in favor of this proposal, the Mango token holders conform to settle the unhealthy money owed with the and waive any potential claims towards unhealthy debt accounts and won't pursue any legal investigations or freeze of funds as soon as the tokens have been returned as described above.\"<\/p>\n On Twitter, members of the group reacted to the event:<\/p>\n Mango Hacker Secures ~$47M Bug Bounty<\/p>\n By far the most important crypto bounty? <\/p>\n The present bounty fee of 10% of the monies mined must be reassessed, lmao. pic.twitter.com\/FcHkEbwY7u<\/a><\/p>\n