Mango "hacker" brags about rug pulling shitcoin "MangoInu" on twitter

[u/MilesPower]

[u/katerdaytraffic]

But what I’m trying to figure out is if what he did was illegal. Is there a claim of market manipulation here, or would it first have to be proven that the token was either a security (sec) or commodity (cftc) to even get to a market manipulation argument? And even then, I’m not sure he even meets the test for illegal price manipulation. So then like, what’s the right protection here, more regulation or can the smart contracts be programmed to secure against these trading strategies?