Alexander Guevara
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The collapses of the OM token avoided Binance: CZ amid the controversy over the mantras
The founder of Binance, CZ, responds to the accusation of the fall of the OM token with sarcasm, saying that many are unnecessarily blaming Binance, as those who did it knew enough to avoid Binance.
On X, in response to criticisms that Binance helped validate a "questionable" project by including OM, CZ wrote: "Some blame Binance for OM. Whoever did it in the last 3 days knows they should avoid Binance."
CZ posted this tweet with sarcasm, using emojis to ridicule the idea that Binance was to blame. He hinted that the real cause of the OM collapse was outside the platform.
His response to the fall of the Mantra DAO (OM) token serves as an example of his typical approach to managing Binance's image and its involvement in controversial events.
Binance is often scrutinized for including tokens with questionable histories or associations. In this case, after the significant drop in the value of OM (more than 90%), CZ addressed the criticisms regarding Binance's role in its inclusion.
OM, which was included in Binance's Innovation Zone in March 2021, was presented as a DeFi project focused on staking, lending, and governance. It launched on Ethereum with plans to expand to BSC, Polygon, and Polkadot.
Cryptocurrency journalist Wu Blockchain already warned in 2021, labeling OM as a "fraudulent project" linked to the betting platform 21Pink and false claims about FTX, which FTX later denied.
Wu reiterated his warnings after the latest OM collapse, reigniting criticisms that Binance legitimized it by including it on its list. The community once again debates whether Binance conducted due diligence.
#om #mantra #Liquidations #CZ #MantraChain $OM
@MANTRA @Coingecko_indonesia @CoinMarketCap @Cointelegraph @CZ
The founder of Binance, CZ, responds to the accusation of the fall of the OM token with sarcasm, saying that many are unnecessarily blaming Binance, as those who did it knew enough to avoid Binance.
On X, in response to criticisms that Binance helped validate a "questionable" project by including OM, CZ wrote: "Some blame Binance for OM. Whoever did it in the last 3 days knows they should avoid Binance."
CZ posted this tweet with sarcasm, using emojis to ridicule the idea that Binance was to blame. He hinted that the real cause of the OM collapse was outside the platform.
His response to the fall of the Mantra DAO (OM) token serves as an example of his typical approach to managing Binance's image and its involvement in controversial events.
Binance is often scrutinized for including tokens with questionable histories or associations. In this case, after the significant drop in the value of OM (more than 90%), CZ addressed the criticisms regarding Binance's role in its inclusion.
OM, which was included in Binance's Innovation Zone in March 2021, was presented as a DeFi project focused on staking, lending, and governance. It launched on Ethereum with plans to expand to BSC, Polygon, and Polkadot.
Cryptocurrency journalist Wu Blockchain already warned in 2021, labeling OM as a "fraudulent project" linked to the betting platform 21Pink and false claims about FTX, which FTX later denied.
Wu reiterated his warnings after the latest OM collapse, reigniting criticisms that Binance legitimized it by including it on its list. The community once again debates whether Binance conducted due diligence.
#om #mantra #Liquidations #CZ #MantraChain $OM
@MANTRA @Coingecko_indonesia @CoinMarketCap @Cointelegraph @CZ
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