$OM To the MANTRA Community,
First and foremost, I want to acknowledge the impact of what happened two weeks ago. I know many of you lost money—some of you, a significant amount. Your trust means everything to us. We are committed to rebuilding it through transparency, accountability, and a renewed focus on the decentralization of the MANTRA Chain.
Every day since the incident, we’ve been investigating what went wrong and working on concrete steps to ensure something like this never happens again.
Next week, I’ll be speaking onstage at TOKEN2049 in Dubai. At that time, we’ll be sharing a full update, including:
New MANTRA ecosystem developments and strengthened governance protocols
The latest status and timeline on the execution of the burn of my OM holdings
A broader call to action for the crypto industry to unite in protecting investors from similar liquidation events
This experience has been humbling and heartbreaking. We are taking the time needed to make smart, measured decisions—not quick fixes. I promise you this: we won’t stop working until we make this right.
I hear your frustration, and I share it. I’m committed to leading with full transparency through this difficult chapter. Our team has barely slept, and I want to thank them for their relentless dedication.
We’re in this together.
—CEO MANTRA
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