Mango Market Incident Anaylsis

On October 11, 2022 Mango Markets — a Solana-based DeFi protocol — suffered an economic exploit where attackers used two wallets to manipulate the MNGO price (via perp orders and spot moves), borrowed against the inflated collateral, and drained roughly $116M from the protocol; the report documents the attack flow, involved addresses, amounts, public claims by an implicated individual, and subsequent partial return of funds via a DAO-approved proposal.