Mango Markets DAO buyback plan leads to accusations of ‘self-dealing’
Mango DAO used treasury funds to compensate hack victims through a buyback program, but critics claim it was done to benefit an FTX estate buyer.
Related Posts


One-Man DeFi Developer Quits Citing ‘Hostile Community’
Andre Cronje, the one-man development team behind decentralized finance (DeFi) protocol iEarn, has quit the project. Cronje cites a thankless experience with the DeFi community as the catalyst for his decision to leave.Speaking to Cointelegraph, Cronje states that his time with iEarn was “equally the best time, and the worst.” After experiencing “absolute euphoria” during…

Takeaways: 5 years after The DAO crisis and Ethereum hard fork
A vulnerability of a smart contract in one private DAO fund firstly to the leak of cryptocurrency worth tens of millions of dollars (billions as of today) and then to the hard fork of the second-largest blockchain network Ethereum. You can find tons of articles investigating those events, including a wiki page. Even though the…

Ethereum testnet successfully forks in Shanghai upgrade rehearsal
As Ethereum’s Shanghai upgrade approaches next month, the network’s Sepolia testnet has successfully upgraded, simulating the scheduled hard fork. 611 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe Ethereum blockchain’s Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork expected to take…

Price analysis 2/18: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
Bitcoin (BTC) sold off along with the U.S. equity markets on Feb. 17 on reports that Russia expelled Bart Gorman, the second highest-ranking American official from the U.S. Embassy in Moscow and U.S. President Joe Biden cautioned that the threat of a Ukrainian invasion by Russia remains “very high.”Although the near-term correlation between Bitcoin and…

UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents
The new digital asset management platform still requires the approval of the Central Bank of the United Arab Emirates.

The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics
Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the…

Branding: The layer-1 of a successful Web3 marketing strategy
Building on a blockchain follows similar fundamental principles to building in real life. First, you establish the foundations, then you can start laying the bricks, and only once it’s built can someone begin experiencing the building’s purpose. With blockchain, establishing a foundation involves selecting (or even designing) a first layer. Laying the bricks is akin…

China to ‘maintain a high-pressure situation’ on crypto, official says
An official at the People's Bank of China saidthat the public should increase their risk awareness and stay away from crypto investments. 95 Total views 3 Total shares China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other virtual currencies “are not legal tender and have…