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DEX Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit

Solana-based decentralized exchange (DEX) Mango Markets has announced two new features ahead of its version 4 (v4) rollout, with focus on mitigating immediate security threats.

Mango has been offline since it suffered an exploit in October. The exploit resulted in $114 million being siphoned out of the exchange after its pricing oracles were manipulated.

In an attempt to avoid another hack or exploit Mango will impose new limits on the multi-sig wallet, which will allow the developers to respond to "unforeseen market dynamics" and any vulnerabilities in the program code.

(By Oliver Knight)

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