Funds on MangoFarmSOL drained, community alleges rug pull

MangoFarmSOL’s social media and website have been deactivated. Its Telegram channel with over 1,000 subscribers no longer accepts new members.

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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.

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