Mango DAO Agrees to $700K Settlement with SEC for Unregistered MNGO Token Sale

The US Securities and Exchange Commission (SEC) on Friday filed settled charges against Solana dApp Mango DAO and Blockworks Foundation over the unregistered offer and sale of $70 million worth of MGNO token tokens, which the agency deems as a crypto asset security. source: https://cryptonews.com/news/mango-dao-agrees-to-700k-settlement-with-sec-for-unregistered-mngo-token-sale/