Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal (Osato Avan-Nomayo/The Block)

Taylor Locke / Fortune:
Mango Markets, a Solana DeFi platform, says a hacker stole ~$100M by manipulating its coin’s price; the hacker then passed a malicious DAO governance proposal  —  Mango Markets, a decentralized trading platform on the Solana blockchain, looks to be the latest victim of a massive hack within the crypto realm.

Tom Warren / The Verge:
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox content and services revenue, after revealing PC Game Pass subscriptions rose 159% YoY  —  Microsoft Gaming CEO Phil Spencer has revealed that the company’s Xbox Game Pass subscription service is already profitable.

Sam Kessler / CoinDesk:
Mango Markets, a DeFi platform on Solana, says a hacker drained some of its funds via an oracle price manipulation; blockchain auditor OtterSec says for $100M+  —  The apparent exploit stemmed from the ability of an attacker to manipulate the value of their posted collateral.

Kyle Wiggers / TechCrunch:
NYC-based Teampay, a low-code service to help enterprises automate software purchasing, raised a $47M Series B, comprising $35.25M equity and $11.75M debt  —  In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay …

Xinyi Luo / CoinDesk:
Alameda-backed DeFi projects Maps.me, a maps app for travelers, and “DeFi Prime Brokerage protocol” Oxygen say 95%+ of their native tokens are locked up at FTX  —  Alameda Research led funding rounds into both companies in 2021.  —  Maps.me and Oxygen, two decentralized finance …

Mary Ann Azevedo / TechCrunch:
NYC-based NorthOne, which offers digital banking services for small business owners, raised a $67M Series B, bringing its total funding to $90.3M  —  It’s common knowledge, especially to those who work in financial services, that the COVID-19 pandemic dramatically increased demand for digital banking globally.