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Mango Hackers Use Stolen Funds to Secure DAO Vote

Mango Hackers Use Stolen Funds to Secure DAO Vote thumbnail

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  • The hackers of the Mango Markets exchange have used stolen funds to manipulate a DAO vote in their favour
  • The hackers proposed a returning of a portion of their stolen booty if the DAO promised not to prosecute
  • The hackers then spent much of the stolen MANGO tokens to swamp the vote in their favour

The hackers of the Solana-based exchange Mango Markets used stolen funds to push through a vote that assured they would not face legal action if they returned a portion. The farcical situation was possible because of the decentralised voting methods employed by DAOs, users can vote with tokens to any level they wish, rather than a ‘one address, one vote’ system. Thi

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