The Solana ecosystem is allegedly facing another exit scam as MangoFarmSOL deactivated its social media accounts following reports of funds missing.
MangoFarmSOL is a farming protocol on Solana promising “unparalleled yield in the $SOL space.” Its MANGO token airdrop was scheduled for Jan. 10, according to a Medium post published on Jan. 5. To participate in the airdrop, users had to deposit Solana (SOL) tokens in the protocol:
The pseudonymous developer of Delegate “Foobar” warned in a Jan. 6 post on X (formerly Twitter) that the project’s front-end was compromised. He had recently been appointed as MangoFarmSOL’s security auditor. In response to users’ questions about what would have happened to the protocol, Foobar suggested it could be a rug pull.
MangoFarmSOL’s profile on X and its website have gone dark. A Telegram channel with over 1,000 subscribers no longer accepts members. The losses are estimated at nearly $2 million.
On X, users circulated images of messages reportedly left by the developer behind the scam. The images show the developer stating that they were forced to create Ponzi schemes an
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Author: Ana Paula Pereira
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