9/➢ 6 Billion scam
Over $6 billion in value was wiped off the map
Thousands of investors got burned, some of them lost millions
What's even more scary is that everything happened in minutes
The same scenario as $LUNA crash back in 2022
10/➢ Ghosted founders
After the collapse:
▪︎ Mantra Telegram deleted
▪︎ JP Mullin blaming the community
▪︎ No statement. No refund. No shame.
11/➢ Mullin's response
CEO Mullin broke the silence with this quote:
“My decision, my responsibility”
But took zero responsibility
No apology, no fix - just ghosted with dirty money
12/➢ Red flags
In fact, red flags were always there
▪︎ 90% token supply with insiders
▪︎ Airdrop betrayals
▪︎ OTC manipulation
▪︎ Rigged votes
▪︎ No decentralization
Holders ignored them until it was too late
13/➢ Fake narrative
They called $OM the "#1 RWA project"
It was just a buzzword rug
No adoption, no utility, just smoke and mirrors
The whole thing was hype-driven fraud from the very beginning
14/➢ Artificial stability
For months, $OM barely moved. Why?
Market makers allegedly kept it up to fake stability, attract buyers and set up exit liquidity
It worked perfectly