Mantra CEO tells OM holders to withdraw from OKX over ‘inaccurate’ migration plan

Mantra CEO John Patrick Mullin publicly urged OM token holders to withdraw their tokens from the centralized exchange OKX, citing dependency on the platform as risky due to what he called an "inaccurate" token migration announcement.

Mullin stated that OKX's announcement contained false dates, claiming the migration would happen between December 22 and 25, whereas Mantra's governance proposal indicated the migration would only occur after the deprecation of the ERC-20 OM token post-January 15. He further claimed OKX referenced arbitrary 2025 dates and had not communicated with Mantra since April 13, despite Mantra communicating with other major exchanges.

The upcoming migration involves moving the OM token from an Ethereum-native ERC-20 token to a Mantra Chain-native token. This tension follows a significant OM token price crash on April 13, which Mantra later attributed to aggressive trading policies and high leverage on exchanges.

(Source：Cointelegraph)