The hacker behind the mangomarkets exploit has issued an ultimatum to the protocol, and it involves anger about a recent bailout. thesamreynolds reports.
, the hacker says they want Mango’s treasury to use its $70 million available in USDC to repay bad debt within the protocol.that Mango Markets and rival Solana lending platform Solend put together for a large Solana whale that had $207 million in debt spread across multiple lending platforms.The bailout was put together over concern that should the SOL token drop by another 20%, the whale’s positions would be liquidated, which would cause contagion and adversely impact the Solana ecosystem.
Part of the hacker’s ultimatum involves a promise from Mango that they will not pursue a criminal investigation or freeze his funds.
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