Post
chino1188
·
--
$OM MANTRA vs. OKX: The Drama of Token Migration Unfolds
🔸 In the high-risk world of cryptocurrency migrations, the token update $OM of MANTRA Chain has sparked a fierce confrontation with the exchange giant OKX. Rooted in a brutal collapse on April 13, 2025, where OM plummeted 90% amid alleged liquidation driven by leverage on OKX, the silence between the parties has created distrust.
-> MANTRA accuses OKX of accumulating undisclosed holdings of OM linked to ongoing misconduct litigation, advising against any transaction to protect users.
🔸 CEO JP Mullin calls it "negligence or malice," urging immediate withdrawals $OM from OKX to avoid chaos—self-transferring through official channels for a smooth 1:4 redenomination to $MANTRA.
-> This exposes the risks of opacity of CEX in updates; decentralized custody is not just a trend—it's survival. MANTRA's transparency approach mobilizes the community, pressing OKX for accountability. Will it force reforms, or escalate to a delisting?
#om #TrendingTopic #mantra #BinanceBlockchainWeek
🔸 In the high-risk world of cryptocurrency migrations, the token update $OM of MANTRA Chain has sparked a fierce confrontation with the exchange giant OKX. Rooted in a brutal collapse on April 13, 2025, where OM plummeted 90% amid alleged liquidation driven by leverage on OKX, the silence between the parties has created distrust.
-> MANTRA accuses OKX of accumulating undisclosed holdings of OM linked to ongoing misconduct litigation, advising against any transaction to protect users.
🔸 CEO JP Mullin calls it "negligence or malice," urging immediate withdrawals $OM from OKX to avoid chaos—self-transferring through official channels for a smooth 1:4 redenomination to $MANTRA.
-> This exposes the risks of opacity of CEX in updates; decentralized custody is not just a trend—it's survival. MANTRA's transparency approach mobilizes the community, pressing OKX for accountability. Will it force reforms, or escalate to a delisting?
#om #TrendingTopic #mantra #BinanceBlockchainWeek
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
62
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number