OM

MANTRA

OKX reveals OM-related price manipulation by linked accounts, absorbs losses via security fund, and submits evidence to authorities. Read original article on coincu.com

OM token migration to MANTRA mainnet begins Dec 22; users must act to secure 1:4 token conversion. Margin, futures, and spot OM trading will be suspended in stages; pending orders will be canceled. Users under KYC Level 2 or with holdings below 10 OM are excluded from the migrati...

Tensions between blockchain platform Mantra and the crypto exchange OKX escalated sharply this week after Mantra CEO John Patrick Mullin accused the exchange of publishing “incorrect and misleading” information about the project’s upcoming token migration. In a strongly worded statement posted on X, Mullin urged OM holders on the exchange to withdraw their tokens immediately and complete migration independently through official Mantra channels. On December 5, 2025, OKX published a statement entitled “OKX to support OM crypto migration”. This statement contained multiple factual errors and misrepresentations not present in official MANTRA governance proposals. We are incredibly concerned by this development, which shows… — JP Mullin ( , ) (@jp_mullin888) December 8, 2025 Mantra Accuses OKX of Publishing “False” OM Migration Dates The conflict surfaced on Monday after OKX released an announcement outlining its support for the OM migration, including a detailed schedule that placed the conversion window between December 22 and December 25, 2025. The exchange said it planned to delist OM spot pairs, halt deposits and withdrawals, conduct an account snapshot, and process the conversion at a 1:4 ratio in line with what it described as Mantra’s Proposal 17 and Proposal 26. OKX also said it would suspend futures, margin trading, and related services ahead of the migration. Mullin disputed nearly every part of OKX’s timeline. He said the exchange had published dates that were “technically impossible. He added that official governance documents state the migration can only begin after the ERC-20 OM token is fully deprecated on January 15, 2026. According to him, this makes any December 2025 migration window unworkable. He also argued that the exchange had rearranged the intended process by placing the token split ahead of deprecation, reversing the sequence outlined in Proposal 26. He described the exchange’s timeline as “arbitrary,” noting that no final launch date has been announced because it depends on a pending technical review. The CEO said the publication of what he called “demonstrably false information” raises concerns about negligence or possible malicious intent. He added that OKX has not communicated with Mantra since April 13, the date of OM’s extreme market collapse that saw the token fall more than 90% in a single day . Mantra lost 90% of its value in just one hour — $6B gone. No hack, no clear reason. Just “liquidations,” team silence, and big wallet moves. What really happened, and which red flags did investors ignore? https://t.co/2HeL1ZiMhG — Cryptonews.com (@cryptonews) April 14, 2025 He argued that the communication breakdown has now resulted in market confusion during a period in which other exchanges have coordinated closely with Mantra on migration details. After $6B Collapse, OM Holders Face New Uncertainty Amid Exchange Frictions The April collapse, which erased more than $6 billion from OM’s market capitalization within 24 hours, continues to cast a long shadow over the project. Some traders described the crash as a rug pull, though Mantra denied wrongdoing and blamed the event on sudden liquidations during low-liquidity weekend trading. A later post-mortem attributed the crash partly to aggressive leverage policies on centralized exchanges and said the incident exposed wider structural risks in the industry. In its response at the time, the project pledged more transparency, reduced internal validator control, and a 150 million OM token burn by Mullin himself. Since then, several exchanges have taken action around the token. INDODAX delisted OM during the initial shift away from ERC-20. Meanwhile, Binance temporarily suspended OM deposits and withdrawals during network upgrades before relisting the redenominated MANTRA token. Other platforms paused trading as part of broader migration adjustments. In the same period, OKX removed multiple unrelated assets, such as BAL, PERP, FLM, PSTAKE, CLV, and RACA, because of low activity or listing-criteria issues, a trend that has raised wider questions about the exchange’s handling of assets undergoing structural changes. The current dispute has left many OM holders trying to determine the safest migration path. Mullin called on users to avoid depending on OKX during this phase and to maintain direct custody to ensure they do not act on incorrect timelines. He said Mantra will continue coordinating with all other major exchanges and will support retail holders through the transition. OKX, for its part, has indicated that its schedule may face delays due to coordination requirements, but it has not publicly addressed Mullin’s accusations or clarified its interpretation of the governance proposals. The post Mantra CEO Issues Urgent Warning: “Withdraw Your OM From OKX Now” – Migration Crisis Escalates appeared first on Cryptonews .

BitcoinWorld Urgent: Mantra CEO Demands Immediate OM Token Withdrawal from OKX In a dramatic move that highlights the critical importance of self-custody in crypto, Mantra CEO John Patrick Mullin has issued a public call for users to execute an OM token withdrawal from the OKX exchange. This urgent request follows a series of communication failures and incorrect information from the platform, putting a spotlight on the risks of leaving assets on centralized exchanges. If you hold OM, understanding this situation is not just important—it’s essential for protecting your investment. Why is the Mantra CEO pushing for an OM token withdrawal? The core issue stems from a breakdown in communication and accuracy. Last week, OKX published an announcement regarding an OM token migration that contained incorrect details about the process and its timeline. This error created significant confusion for OM token holders. More alarmingly, CEO Mullin revealed that OKX has not communicated with the Mantra team since the OM token’s price experienced a sharp decline back in April. This lack of dialogue, combined with the publishing of faulty information, has eroded trust, prompting the direct call for users to take control of their assets. What does this mean for your crypto strategy? This incident is a powerful real-world case study that goes beyond just OM and OKX. It underscores a fundamental principle in cryptocurrency: not your keys, not your coins . When you leave tokens on an exchange, you rely entirely on that platform’s operational integrity and communication. The call for an OM token withdrawal is a move to empower users and reduce systemic risk. Here are the key takeaways for every crypto user: Self-Custody is Security: Holding tokens in a personal wallet you control is the safest way to ensure access and avoid platform-specific issues. Verify Official Channels: Always cross-check major announcements like migrations with the project’s official website and social media, not just the exchange. Communication is Key: A breakdown in dialogue between a project and a major listing platform is a serious red flag for users. How to safely complete your OM token withdrawal If you hold OM on OKX, following the CEO’s advice is a prudent step. The process for an OM token withdrawal is straightforward but must be done carefully. First, ensure you have a compatible non-custodial wallet that supports the OM token, such as MetaMask or Trust Wallet. Withdraw a small test amount first to confirm the receiving address is correct. Once verified, you can move the remainder. This action not only secures your tokens but also aligns with the decentralized ethos of taking personal responsibility for your digital assets. The bigger picture: Trust and transparency in crypto Mullin’s public statement is more than a technical advisory; it’s a commentary on the state of trust in the industry. Exchanges are vital gateways, but their power comes with the responsibility of accurate information and open communication with listed projects. When that breaks down, the community’s response—voting with their feet and moving tokens—is a powerful market signal. This event may encourage other projects to be more vocal about exchange partnerships and could push users globally to reconsider how and where they store their crypto. In conclusion, the Mantra CEO’s urgent call for an OM token withdrawal from OKX is a watershed moment. It vividly illustrates the risks of over-reliance on any single centralized platform. For OM holders, the path is clear: secure your tokens in a personal wallet. For the wider crypto community, it’s a stark reminder that true ownership and security come from self-custody. In a landscape where information is everything, taking direct control of your assets is the most powerful action you can take. Frequently Asked Questions (FAQs) Q: Is my OM token unsafe on OKX right now? A: The CEO’s concern is based on operational miscommunication and a lack of dialogue, not a direct security breach. However, the recommendation to withdraw is about regaining full control and eliminating reliance on a platform that has provided incorrect information. Q: Do I need to do anything special with my OM tokens after withdrawal? A: If you are simply moving them from OKX to a personal wallet for safekeeping, no further action is needed. Always stay updated via Mantra’s official channels for any future token migrations or updates. Q: What if OKX fixes the migration information? Should I still withdraw? A: The call for withdrawal is also rooted in the prolonged lack of communication since April. Restoring trust requires more than a corrected announcement. The core advice of self-custody remains a best practice regardless. Q: Are other exchanges affected by this issue? A: The public statement specifically addresses OKX. Users holding OM on other exchanges should monitor those platforms’ communications and, as a general rule, consider the benefits of self-custody. Q: What’s the main risk of not following this withdrawal advice? A: The primary risk is being dependent on a platform that may not have coordinated correctly with the Mantra team for future essential updates, potentially leaving you with outdated or incorrect instructions during critical events like a token migration. Did this article help you understand the importance of crypto self-custody? This story affects every investor. Share this crucial update on your social media to help others in the community stay informed and secure their assets. Knowledge is the best defense in the crypto world. To learn more about the latest cryptocurrency security trends, explore our article on key developments shaping decentralized finance and institutional adoption. This post Urgent: Mantra CEO Demands Immediate OM Token Withdrawal from OKX first appeared on BitcoinWorld .

MANTRA (OM) implements a 1:4 token redenomination, aiming for ecosystem growth and volatility stabilization. Read original article on kanalcoin.com

Binance announced that it will support network upgrades for these altcoins in order to keep the user experience at the highest level. Continue Reading: Bitcoin Exchange Binance Announces These Altcoins Will Support Network Upgrades! Here Are the Details

The updates, set to roll out this week, are designed to enhance network performance, streamline transactions, and improve node synchronization […] The post Binance Announces Support for MANTRA (OM) and MultiversX (EGLD) Network Upgrades appeared first on Coindoo.

Buyers dominate the cryptocurrency market today as digital currencies extend weekend gains. The Fear and Greed Index has turned neutral after hitting extreme levels early last week. Amidst the optimism, Mantra Chain announced a strategic integration with interoperability network Hyperlane. The collaboration aims to enhance cross-chain liquidity and advance RWA (real-world asset) growth across the DeFi industry. Notably, Hyperlane enables issuance, swaps, messages, and bridging across over 150 blockchains. With this team-up, developers can use any EVM-compatible chain to transfer assets to the Mantra blockchain. That introduces new opportunities for participation and liquidity across lending markets, DeFi platforms, and decentralized exchanges. Today’s official announcement read: Through this integration, developers can now bridge assets from any EVM chain directly into the MANTRA ecosystem, unlocking greater liquidity and simplifying participation for users and partners across DeFi, DEXs, vaults, lending platforms, and collateralized debt protocols. MANTRA | Tokenizing RWAs @MANTRA_Chain · Follow Thanks to @hyperlane users can now→ Bridge tokens like USDC & USDT directly from any EVM chain to MANTRA Chain→ Send cross-chain messages between MANTRA & other ecosystems using Hyperlane’s infrastructurePlus much more 👇🙌 5:48 AM · Oct 27, 2025 39 Reply Copy link Read 7 replies Mantra, an L1 dedicated to RWA tokenization, has cemented its status as a multi-chain ecosystem as Hyperlane helps connect assets, liquidity, and projects in an accessible and more unified ecosystem. Mantra pioneering multi-chain finance Hyperlane’s modular security design is at the core of this partnership. Developers can leverage this feature to customize any layer of cross-chain operations, including validator setups, relayer configurations, and contract extensibility. With such perks, on-chain teams can control how their projects interact with different chains. Moreover, Hyperlane maintains a fully open-source system to guarantee adaptability and transparency in the maturing DeFi industry. Its modular setup and MANTRA’s thriving ecosystem form a reliable groundwork for developers to build scalable, secure, and compatible dApps while prioritizing user experience and performance. Bracing for the upcoming Mantra stablecoin launch Besides cross-chain compatibility, Hyperlane will be the infrastructure layer for Mantra’s upcoming stablecoin mantraUSD, slated for Q4 2025. The dollar-pegged token will ensure stable liquidity while bridging off- and on-chain assets. According to the team: mantraUSD will be the primary settlement currency for RWA purchases and trading across the MANTRA ecosystem, ensuring frictionless liquidity and seamless cross-chain adoption. Leveraging Hyperlane’s interoperability infrastructure, mantraUSD would circulate across different blockchains seamlessly, promising stability and consistency for individuals operating in multi-chain protocols. Meanwhile, the stablecoin will likely alleviate Mantra’s position in the RWA tokenization trend. OM price outlook Mantra’s native token maintains an optimistic performance amid the Hyperlane updates. OM has gained more than 3% over the last day to $0.1201. Chart by Coinmarketcap Its 24-hour trading volume has soared 30%, reflecting renewed interest in the L1 token. The digital token eyes further rallies, as bulls target key resistance above $0.16. That would be a roughly 33% surge from OM’s market price. Nonetheless, broader market sentiments are crucial in influencing Mantra’s short-term price performance. The post Mantra (OM) integrates Hyperlane to power cross-chain liquidity, RWA adoption appeared first on Invezz

Real-world-asset tokenization blockchain MANTRA and decentralized data infrastructure provider Inveniam Capital Partners have announced the launch of a new layer-2 blockchain. Inveniam and MANTRA say the new layer 2 blockchain is purpose-built to advance the management and utiliz...