Mango Markets Post-Mortem: The $117M Oracle Manipulation Exploit That Ended Solana's First Perp CLOB
Mango Markets was Solana's first serious perpetuals exchange. In October 2022, an attacker manipulated MNGO oracle prices to drain $117M from the treasury. A subsequent SEC settlement led to a community vote to wind down. The protocol shut down completely. Here is what happened and why it matters.