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The individual who hacked the Mango protocol has already spoken and made an offer.

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by COINS NEWS 163 Views

Apparently the hacker was already linked directly to an FTX wallet, so they have made contact with MANGO already.

The hacker just announced a bounty offer. He kind of wants to be a Robin Hood style white hat hacker.

It’s created as a governance proposal for holders to vote on.

The message in full:

hi all, the mango treasury has about 70M USDC available to repay bad debt. I propose the following. If this proposal passes, I will send the MSOL, SOL, and MNGO in this account to an address announced by the mango team. The mango treasury will be used to cover any remaining bad debt in the protocol, and all users without bad debt will be made whole. Any bad debt will be viewed as a bug bounty / insurance, paid out of the mango insurance fund. By voting for this proposal, mango token holders agree to pay this bounty and pay off the bad debt with the treasury, and waive any potential claims against accounts with bad debt, and will not pursue any criminal investigations or freezing of funds once the tokens are sent back as described above.

EDIT: No, not Robinhood, the morally corrupt exchange.

submitted by /u/gnarley_quinn
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