Did a man try to steal $110 million by rigging mango markets?

REUTERS/Dado Ruvic/Illustration NEW YORK, Dec 27 (Reuters) - U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about $110 million in October by rigging the Mango Markets cryptocurrency exchange.

What is crypto market manipulation?

A deliberate attempt to influence the value of assets and interrupt a crypto market trend is known as crypto market manipulation. In crypto manipulation, bad actors create illusions to inflate or deflate the market prices to snatch up profits.

How secure is mango?

Your policies, procedures and forms are housed securely within Mango. Single source document control is immediately in effect. Users of the system are granted access rights based on their roles, most will have access to your documentation and files.

What is mango & how does it work?

Mango is a decentralized cryptocurrency exchange run by Mango DAO that lets investors lend, borrow, swap, and use leverage to trade cryptocurrency assets.