Scam Alert: Ponzi Scheme Revealed in Solana Farming Protocol MangoFarm(MF) Causing $2 Million in Damage

MangoFarmSol, a farming protocol on the Solana (SOL) network, has been revealed as a Ponzi scheme, causing $2 million in damages, according to Cointelegraph. The protocol promised a token airdrop to users who deposited SOL, but the Telegram channel and X accounts have disappeared. There are suspicions in the community that Mangopamsol's developers were compelled to create a Ponzi scheme and may have connections to other solar or ecosystem-based protocols. According to Brian Carter, an analyst at blockchain data analytics firm Chainalysis, there has been a rise in attacks against individuals and dapps due to the recent increase in SOL prices.