Solana projects reopen after getting funds back from Mango Markets
Two Solana-based decentralized finance (DeFi) protocols, Tulip and UXD, have recovered tokens from Mango Markets, a lending protocol that recently suffered a major exploit. This has enabled both projects to start reopening their services, giving confidence back to the Solana DeFi scene.
The projects were affected when Mango Markets suffered a price manipulation attack and lost $114 million in user deposits. Through negotiation efforts, the protocol managed to recover $67 million of the stolen funds. UXD Protocol and Tulip Protocol have recovered their respective funds and taken initial steps to reopen their individual services.
Source
@Solana_Updates
