Two core members of Mango DAO are pushing a controversial proposal, and the founder warns that it may jeopardize the SEC settlement protocol

2024-11-27 08:57:43

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ChainCatcher message, according to Protos, Mango DAO members John Kramer and Max Schneider successfully pushed a proposal last week to lock up 80 million MNGO Tokens in exchange for 67.5 million TokenOptions. However, Mango Labs founder Dafydd Durairaj warned that this proposal “may be seen as a sale of MNGO, jeopardizing our settlement protocol with the SEC”. Durairaj opposed the proposal in the community, stating that it would lead to the SEC re-evaluating the case, and all members may face legal consequences. At the same time, the proposal “consolidated the complete control of the two over DAO”. It is reported that Schneider and Kramer are both core members of Mango DAO, and Mango Labs filed a lawsuit in October this year, accusing the two of attempting to embezzle 10 million US dollars of DAO funds during the Avraham Eisenberg case.

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