Mantra CEO urges OM holders to withdraw tokens from OKX, says OKX posted inaccurate migration dates ahead of Mantra Chain migration
first published 2025-12-08T14:00:44Z
Mantra CEO John Patrick Mullin told holders to withdraw OM from OKX, accusing the exchange of publishing incorrect OM token migration and implementation dates. OKX announced support with a migration window of Dec. 22–25, while Mantra’s governance proposal says migration will occur only after the Jan. 15 deprecation of the ERC‑20 OM token. Mantra says it has had no communication with OKX since April 13. The migration will convert OM from ERC‑20 to a Mantra Chain‑native token. Mullin referenced Mantra’s April 13 crash post‑mortem, blaming leveraged exchange trading, and noted measures including a transparency dashboard and burning 150 million staked OM. OKX had not responded to requests for comment at publication.
AI Analysis
CEO publicly instructed holders to withdraw OM from OKX and accused the exchange of posting migration dates that conflict with Mantra’s governance timetable (OKX: Dec 22–25 vs Mantra: migration after Jan 15 deprecation). The dispute and withdrawal call introduce immediate exchange-level execution risk and could move supply/liquidity. Facts cited: CEO statement, OKX migration window, Mantra governance date, no contact since April 13, planned burn and transparency measures.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant