How Market Manipulation Led to a $100M Exploit on Mango; Betterment Launches Crypto Offering

This episode is sponsored by ZenGo.

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. The Hash Hosts discuss this plus, the largest independent robo-advisor, Betterment, is letting its clients invest in a handful of crypto portfolios for the first time, but with a caveat: best not to go above 5% exposure.

See also:

How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

Robo-Adviser Betterment Launches Cryptocurrency Offering

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”