Mango DAO Refuses to Pay Additional Legal Fees

Odaily Planet Daily News Mango Labs spent its 23-year annual budget of US$2 million in the first half of the year, so it initiated a new budget proposal of US$2 million to pay for regulatory investigations and legal proceedings. This proposal was opposed by Mango DAO voters. According to Realms data, there are still 89 million US dollars in the DAO vault, but most of them are MNGO governance tokens, and there is not enough liquidity in the market to undertake them. (CoinDesk) According to previous reports, U.S. District Judge Richard Berman in Manhattan announced that Mango Markets attacker Avraham Eisenberg will be held on December 4 for a criminal trial. He was charged with commodity fraud, commodity manipulation and wire fraud, but pleaded not guilty. Eisenberg faces up to 20 years in prison on wire fraud charges.