{"id":68628,"date":"2022-10-15T10:26:08","date_gmt":"2022-10-15T07:26:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68628"},"modified":"2025-09-07T15:11:33","modified_gmt":"2025-09-07T12:11:33","slug":"mango-markets-community-approves-47-million-deal-with-hacker","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mango-markets-community-approves-47-million-deal-with-hacker\/","title":{"rendered":"Mango Markets community approves $47 million deal with hacker"},"content":{"rendered":"<p>The Mango Markets DeFi platform community <a href=\"https:\/\/dao.mango.markets\/dao\/MNGO\/proposal\/GYhczJdNZAhG24dkkymWE9SUZv8xC4g8s9U8VF5Yprne\">\u043f\u0440\u043e\u0433\u043e\u043b\u043e\u0441\u043e\u0432\u0430\u043b\u043e<\/a> in favour of an agreement with the hacker. He will return $69 million and keep the remaining $47 million as a reward.<\/p>\n<p>Support for the proposal came from 96.6% of users. All participants will be fully reimbursed from treasury funds and will waive any potential claims and criminal proceedings.<\/p>\n<p>According to <a href=\"https:\/\/www.theblock.co\/post\/177262\/mango-markets-community-set-to-approve-47-million-deal-with-hacker\">The Block<\/a>, the hacker used $10 million to carry out the attack. Despite this, his bounty could become one of the largest in the cryptocurrency industry.<\/p>\n<p>That same day, unknown <a href=\"https:\/\/forklog.com\/en\/news\/hacker-stole-more-than-100-million-from-mango-markets-defi-platform\">withdrawn digital assets<\/a> worth about $116 million were withdrawn from Mango Markets. The hack was attributed to oracle price manipulation.<\/p>\n<p>That same day the head of the cryptocurrency exchange FTX, Sam Bankman-Fried <a href=\"https:\/\/forklog.com\/en\/news\/sam-bankman-fried-comments-on-mango-markets-hack\">commented on the Mango Markets hack<\/a>. He said that it was not faulty price oracles but deficiencies in the risk\u2011assessment system that allowed the attacker to move the funds.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mango Markets DeFi platform community voted in favour of an agreement with the hacker. He will return $69 million and keep the remaining $47 million as a reward.<\/p>\n","protected":false},"author":1,"featured_media":68629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1607,1154],"class_list":["post-68628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bounty","tag-crimes"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=68628"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68628\/revisions"}],"predecessor-version":[{"id":68630,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/68628\/revisions\/68630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/68629"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=68628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=68628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=68628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}