mantra om token crash okx liquidation april 2025 - OM Token Crash Fuels Mantra-OKX Dispute Over Potential Price Manipulation
The Mantra OM token experienced a dramatic crash of over 99% in April 2025 due to allegations of price manipulation involving borrowed USDT and collateralized OM tokens. Crypto exchange OKX froze accounts and liquidated positions, sparking a blame game with the Mantra team that has left investors in limbo amid upcoming token migration.
OKX accuses Mantra team of inflating OM price using significant USDT loans secured by OM collateral.