JP Mullin, CEO of #MANTRA Chain, spoke at the BTCON RWA Summit today about the crazy $OM price crash that happened overnight 👇
🚫 No hack
🚫 No insider or investor dumping
💥 Only large wallets that were using $OM as collateral were liquidated = the crash happened quickly
He said a full analysis will be coming soon and that no team member profited from this mess. 🙊💦 They even canceled a scheduled collateral event for ETH Seoul 🇰🇷 to focus on the situation. It seems they are taking it seriously — let's see what happens next. 👀