TechFlow reports, citing Protos, that Mango DAO core members John Kramer and Max Schneider have recently pushed through a proposal to lock 80 million MNGO tokens in exchange for 67.5 million token options. Dafydd Durairaj, founder of Mango Labs, has issued a warning stating that this proposal could be viewed as a sale of MNGO, potentially violating the settlement agreement with the SEC.
Under the previous settlement agreement, Mango DAO, Blockworks Foundation, and Mango Labs were required to burn their MNGO tokens, pay a $700,000 penalty, and ensure the token would not be listed or traded on other platforms. Notably, Mango Labs sued these two core members in October this year, accusing them of misappropriating $10 million in DAO funds during the Avraham Eisenberg incident.
