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Two core members of Mango DAO push a controversial proposal, founder warns it may jeopardize SEC settlement protocol.
CoinVoice has learned that, according to Protos, Mango DAO members John Kramer and Max Schneider successfully pushed for a proposal last week to lock 80 million MNGO Tokens in order to obtain 67.5 million Token Options. However, Mango Labs founder Dafydd Durairaj warned that this proposal "may be seen as the sale of MNGO, jeopardizing our settlement protocol with the SEC."
Durairaj opposes the proposal in the community, stating that it would prompt the SEC to re-examine the case, putting all members at risk of legal consequences. At the same time, the proposal 'consolidates the absolute control of the two individuals over DAO'.
It is reported that both Schneider and Kramer are core members of Mango DAO, and Mango Labs filed a lawsuit in October of this year, accusing the two of trying to misappropriate DAO funds of $10 million during the Avraham Eisenberg case. [Original link]