Mantra team publishes detailed report on the cause of OM token crash:

➬ https://t.co/57OdLOUtVz

1. Mantra team did NOT sell tokens during the crash

2. Significant volumes of $OM were used as collateral on exchanges

3. Forced position closures (liquidations) occurred during the period of low liquidity (April 13, 21:00 Moscow time)

4. This caused a chain reaction: first liquidations → pressure on the price → decrease in OM token → new liquidations → additional sales → strengthening of the downtrend

5. There was a significant difference in the price of OM between OKX and Binance (since 21:00 Moscow time)

6. Data indicates mass liquidations of OM traders on CEX. Information from partner exchanges will help clarify the situation (investigation is ongoing)

The main question is: do we believe them?