Gina R. Méndez-Miró. Photo: Diego M. Radzinschi/ALM Mango Labs Sues Ex-Employees for Over $10M After 'Egregious' Governance Nightmare
"It's good for the industry to take a stand against this kind of conduct," said Michael Burshteyn, a shareholder at Greenberg Traurig.
October 09, 2024 at 03:10 PM
4 minute read
Cryptocurrency
What You Need to Know
- Mango Labs has sued 12 people.
- The defendants are accused of partaking in a scheme that netted them $2.5 million in profits and cost Mango Labs over $10 million in damages.
- An Am Law 20 firm brought the lawsuit on behalf of Mango Labs.
The entity behind a decentralized cryptocurrency exchange sued ex-employees in a San Juan, Puerto Rico, federal court over their alleged involvement in a scheme that stole over $2.5 million and inflicted damage exceeding $10 million to the company.
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