In a recent development, individuals associated with Mango Markets have addressed allegations regarding the depletion of the DAO's $37 million treasury. Schneider and Kramer, known as DonDuala on Discord, remained silent when questioned about the identity of the buyer involved.

Despite an initial rejection of the proposal, Kramer resubmitted it, assuring the community of its alignment with Mango Market's interests, leading to its eventual approval.

The completion of the first buyback saw sellers exchanging 72.8 million MNGO for approximately $2.5 million from the DAO's treasury assets. However, this sparked concerns among some members within the community.

Questions arose regarding the significant donation to the seller, raising suspicions about potential connections between Schneider, Kramer, and the purchasing wallet, as indicated by on-chain records.

Schneider expressed apprehension about a potential project shutdown, prompting efforts to prevent it by seeking assistance from trading firms to acquire the tokens. Despite speculations, he declined to confirm whether CKS Systems, co-founded by him and Kramer, was involved in purchasing the MNGO tokens.

Amidst the controversy, both Schneider and Kramer portrayed the community's reaction as orchestrated by competitors, a claim met with skepticism from many within the Mango community.

In response, a pseudonymous member of Mango DAO voiced dissatisfaction, emphasizing the need for action to address the unfolding situation.

In conclusion, Mango Market insiders have responded to accusations surrounding the depletion of the DAO's funds, sparking debates and skepticism within the community about the transparency and integrity of the actions taken.