SEC v. Mango Labs, LLC, Mango DAO, and Blockworks Foundation (unregistered distributions, 2024)

Settled

✓ Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-mango-labs-llc-mango-dao-unregistered-distributions-2024) by email

In September 2024 the SEC charged Mango Labs, Mango DAO and Blockworks Foundation over unregistered sales of MNGO tokens and unregistered brokering, and announced settlements totalling nearly $700,000 in penalties, subject to court approval.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On September 27, 2024 the SEC announced a complaint in the Southern District of New York against Mango Labs, LLC, Mango DAO and Blockworks Foundation. It alleges that Mango DAO and Blockworks Foundation raised over $70 million through unregistered offers and sales of MNGO governance tokens, charging Securities Act Sections 5(a) and 5(c), and that Blockworks Foundation and Mango Labs acted as unregistered brokers. The three agreed to settle, consenting to injunctions and collective civil penalties of nearly $700,000, subject to court approval; no exact figure is stated, so none is recorded. The record previously split the first two names oddly.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2024-09-27 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.