Mango Market’s DAO discussion board set to approve $47M settlement with hacker By Cointelegraph

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Mango Market’s DAO discussion board set to approve $47M settlement with hacker

Following a $117 million exploit on Oct. 11, the Mango Markets neighborhood is about to make a take care of the state of affairs by permitting the hacker to maintain $47 million as a bug bounty, in line with the decentralized finance (DeFi) protocol governance discussion board.

The proposed phrases reveal that $67 million of the stolen tokens will probably be returned, whereas $47 million will probably be stored by the hacker. 98% of the voters, or 291 million tokens, have voted in favor of the deal, which additionally stipulates that Mango Markets is not going to pursue legal costs towards the hacker.