Mango Markets community plans to offer a $47 million bounty to hackers

2022-10-15 09:52:51

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ChainCatcher news, according to Cointelegraph, after suffering a $117 million vulnerability attack on October 11, the Solana ecosystem DeFi project Mango Markets community plans to reach an agreement with the hacker, allowing the hacker to keep $47 million as a bounty for the exploit.

According to the terms proposed by the Mango Markets community, $67 million of the stolen tokens will be returned, while $47 million will be retained by the hacker, and Mango Markets will not file criminal charges in this case. Mango token holders agree to use treasury funds to repay bad debts and waive claims against the bad debt accounts.

Currently, 98% of voters support the proposal, reaching the quorum, and voting may pass by the end of October 15. (source link)

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