Too Long; Didn't Read
Mango Markets was attacked using price manipulation to spike the price of its native token and then take out massive loans in various other tokens on the platform. Mango Market's development team confirmed that they are looking into what happened and have opened an investigation into it. The team also told users not to deposit funds into the platform before they blocked deposits. The attacker then demanded that the Mango DAO reimburse any bad debts using their treasury funds in return for the stolen liquidity from the stolen tokens.