$OM ⚠️ History of Questionable Reputation

The Mantra DAO project has faced criticism in the past. In 2021, during its listing on Binance, suspicions arose due to the founders' connections to online gambling and involvement in questionable ICOs. Additionally, in 2022, RioDeFi sued Mantra DAO, accusing it of asset misappropriation and governance violations.

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🔍 Team and Community Response

After the crash, Mallin promised to burn all tokens owned by the team to restore trust. However, many investors believe that the project was originally built on manipulation and lack of transparency. Some users complained about the inability to withdraw funds and excessive fees when attempting to unstake tokens.

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🧾 Conclusion

Although no official fraud charges have been brought yet, the combination of factors — the sharp price drop, suspicious transactions, concentration of tokens with the team, and a history of questionable reputation — raises serious concerns about the integrity of the Mantra project. Investors are advised to exercise extreme caution and carefully analyze risks when engaging with such projects.