🔽 The Mantra collapse became another scandal in the industry
Yesterday, the price of the OM token dropped by 90%. This happened after 43.6 million tokens (4.5% of the total supply) were transferred to exchanges.
🤔 The Mantra team claimed they did not sell the tokens and suggested that the incident may point to negligence or even intentional actions by exchanges.
The project had previously been linked to several controversies — including having multiple online casino owners on the team and making false claims about investments from FTX in 2021.
