A shockwave just hit the crypto industry! Mantra CEO John Patrick Mullin has urgently called on all OM holders to withdraw their tokens from OKX immediately โ and the reasons behind this warning are raising MAJOR red flags across the entire crypto community. ๐จ๐ฅ
Letโs break down whatโs happening, why it matters, and what YOU should do right now to protect your assets. ๐
๐ฅ Why Is the Mantra CEO Urging an $OM Withdrawal?
The situation escalated when OKX published incorrect information regarding OMโs token migration โ including wrong dates and wrong details. โ๐
But the REAL bombshell?
๐ป OKX has reportedly not communicated with Mantra since April, when OM faced a strong price drop.
๐ป This total communication breakdown has destroyed trust.
๐ป The CEO believes OKX users are at risk of receiving wrong instructions during a critical token update.
In simple terms:
If an exchange canโt communicate properly with a listed project, your assets are NOT safe there.
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๐ก What Does This Mean for Your Crypto Strategy?
This incident is a HUGE reminder of one of the oldest, most important laws in crypto:
NOT YOUR KEYS, NOT YOUR COINS. ๐
Hereโs what every investor should learn from this:
โ Self-custody = real ownership
When your tokens stay on an exchange, you donโt control them. A mistake by the exchange = your loss.
โ Always verify migration info from official project channels
NEVER rely only on an exchange announcement.
โ Poor communication = a major red flag
If a project and an exchange are not aligned, users may get stuck, misinformed, or lose access.
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๐ก๏ธ How to Safely Withdraw Your OM Tokens From OKX
The CEO advises OM holders to move their assets immediately to a personal wallet.
Hereโs the safe method:
1๏ธโฃ Install a supported non-custodial wallet (MetaMask / Trust Wallet).
2๏ธโฃ Copy your correct OM receiving address.
3๏ธโฃ Withdraw a small test amount first.
4๏ธโฃ After confirming itโs received, withdraw the rest.
Boom โ your tokens are now safe and fully under YOUR control. ๐๐
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๐ Bigger Picture: Why This Event Is a Turning Point
This isnโt just about $OM or OKX โ this is a wake-up call for the ENTIRE crypto world. ๐
This event highlights:
๐ธ The power imbalance between projects and large exchanges
๐ธ The risk of relying on centralized platforms
๐ธ The growing need for transparency and decentralized custody
๐ธ The communityโs ability to โvote with their walletsโ ๐ณ๏ธ๐ผ
Expect more projects to demand better communication and more users to move to self-custody after this event.
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๐ง FAQs (Must-Read for OM Holders)
Q: Is my OM unsafe on OKX?
Not hacked โ but operational miscommunication is a real danger.
Q: Do I need to do anything special after withdrawal?
Just keep your tokens safe in your wallet. Watch official Mantra channels for updates.
Q: What if OKX corrects the mistake?
This issue is deeper than one announcement โ itโs about months of no communication.
Q: Are other exchanges affected?
This warning is specifically for OKX, but self-custody is ALWAYS the safest choice.
Q: Whatโs the real risk of ignoring this?
You may miss essential updates or get outdated instructions that could lock or misplace your OM.
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๐ Final Word
This OMโOKX situation is a massive reminder:
When things go wrong, your wallet is the only place where your crypto stays truly yours. ๐ฏ
Moving your OM tokens now isnโt just following advice โ itโs practicing real crypto security.
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๐ข Share this now โ you might save someoneโs portfolio!
Crypto safety is community safety. ๐ก๏ธ๐
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