Solana-based decentralized finance platform Mango hit by $100 million exploit

According to Coindesk, Mango, a decentralized finance platform hosted on the Solana blockchain, has been exploited for over $100 million.

In its initial statement, Mango said it was “taking steps to have third parties freeze funds in flight” and “disabling deposits on the front end as a precaution.” Mango’s MNGO token was down nearly 30% in the past 24 hours amid fears that the platform may have been exploited.