Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #7[unverifiable][awaiting moderator]in section: Ecosystem Context and ZachXBT Flag

   “MangoFarmSOL has been identified by ZachXBT, the pseudonymous blockchain investigator known for exposing crypto fraud, as a flagged scam entity.”

   reviewerZachXBT identified MangoFarmSOL as a flagged scam entityNone of the readable cited sources nor a web search link ZachXBT to MangoFarmSOL. This is a naming claim about a third party with no support found. I did not read the BitKan page (403).
   citedcoinpaper.com/2984/double-blow-to-solana…ft-sales-declinebitkan.com/news/mangofarmsol-funds-vanis…d-rug-pull-23275
2. #8[unverifiable][awaiting moderator]in section: Ecosystem Context and ZachXBT Flag

   “The incident has been widely cited in the crypto security community as an example of a Solana-ecosystem drainer that combined a smart contract theft with a secondary malicious-frontend attack.”

   reviewerIncident widely cited in the security community as a combined contract theft and malicious-frontend drainerA characterization with no specific source. The two-stage mechanics are supported by CertiK, but 'widely cited' is not.
   citedcoinpaper.com/2984/double-blow-to-solana…ft-sales-decline
3. #10[unverifiable][awaiting moderator]in section: Regulatory and Legal Status

   “As of May 2026, no regulatory actions (SEC, CFTC, DOJ, or equivalent international bodies) have been publicly reported in connection with MangoFarmSOL.”

   reviewerNo arrests, legal proceedings or regulatory actions knownA web search found no arrests, charges or recoveries, which is consistent with the page. The cited CertiK post predates the stated date, so the citation does not back this claim.
   citedwww.certik.com/resources/blog/mangofarmsol-exit-scam

The cited evidence supports part of the claim but not all of it.

1. #6[partially supported][awaiting moderator]in section: Security Warning and Discovery

   “Shortly after, MangoFarmSOL deleted its Twitter account, deactivated its website, and closed its Telegram channel (which had accumulated over 1,000 subscribers) to new members.”

   reviewerTelegram channel had over 1,000 subscribers and project deleted its Twitter accountThe subscriber count and the 'deleted' wording were not confirmed in the CMC text. I did not check the CoinTelegraph article for the count.
   citedcoinmarketcap.com/academy/article/solana…ofarmsol-drainer

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: Overview and Scheme Mechanics

   “the operators withdrew 13,512 SOL (approximately $1.26 million at prevailing prices) from the contract to wallet address 8ggviFegLUzsddm9ShyMy42TiDYyH9yDDS3gSGdejND7”

   reviewerOn January 6, 2024 operators withdrew 13,512 SOL (~$1.26M) to wallet 8ggvi...; malicious frontend drained about $60,000; total about $1.32MMatches CertiK. Other outlets (BanklessTimes) cite about $2M from insider estimates; the page's CertiK-based figure is the better-sourced one.
   citedwww.certik.com/resources/blog/mangofarmsol-exit-scam
2. #2[confirmed][no action needed]in section: Overview and Scheme Mechanics

   “Beginning around January 3, 2024, the project engaged key opinion leaders (KOLs) and crypto influencers to promote the protocol across social media.”

   reviewerTimeline: KOL campaign Jan 3, airdrop announced Jan 5, TVL above $1.3MDates of Jan 3, Jan 5, Jan 6 and Jan 10 are all in CertiK.
   citedwww.chaincatcher.com/en/article/2115643
3. #3[confirmed][no action needed]in section: On-Chain Fund Flow and Laundering

   “The secondary drainer proceeds of approximately $58,600 in USDC were bridged via Allbridge in two transactions (9,999 USDC and 48,942 USDC) and converted to approximately 26 ETH before being deposited into FixedFloat.”

   reviewerLaundering chain: Wormhole in four transactions, Railgun ~263 ETH, eXch ~292 ETH, FixedFloat; Allbridge 9,999 and 48,942 USDC converted to ~26 ETHConsistent with CertiK.
   citedwww.certik.com/resources/blog/mangofarmsol-exit-scam
4. #4[confirmed][no action needed]in section: Influencer Promotion

   “Former NFL wide receiver Antonio Brown is among the named promoters; he subsequently deleted his promotional post on X (formerly Twitter).”

   reviewerAntonio Brown promoted the project and deleted his postSupported by the CoinMarketCap/CoinDesk text. The sentence 'Antonio Brown has a documented history of promoting other disputed crypto projects' was not checked and has no cited source.
   citedfinance.yahoo.com/news/solana-users-hit-…l-055244515.html
5. #5[confirmed][no action needed]in section: Security Warning and Discovery

   “issued a public warning on X on January 6, 2024, stating that the project's frontend had been compromised and flagging the situation as a potential rug pull.”

   reviewer0xfoobar, recently appointed security auditor, warned on Jan 6 that the frontend was compromisedSupported. The page cites CertiK in the timeline for this event, but CertiK does not mention 0xfoobar. The timeline source attribution is slightly off.
   citedcoinmarketcap.com/academy/article/solana…ofarmsol-drainer
6. #9[confirmed][no action needed]in section: Developer Identity and BananaMiner Connection

   “Representatives from BananaMiner publicly denied any connection to MangoFarmSOL, stating they had been approached for collaboration but declined citing a conflict of interest.”

   reviewerAlleged developer messages claimed coercion into Ponzi schemes; BananaMiner denied connection citing conflict of interestSupported. The page hedges authenticity appropriately.
   citedwww.banklesstimes.com/news/2024/01/08/so…lleged-rug-pull/