After two hours of silence, the Mantra team has finally responded – though the statement leaves many questions still unanswered. In a short message posted online, they wrote:
$OM
Mantra community – we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details…
— MANTRA | Tokenizing RWAs (@MANTRA ) April 13, 2025
So far, no technical breakdown or on-chain analysis has been provided. But the team is denying any involvement – and hinting that this may have been caused by heavy liquidations, rather than an exploit or rugpull.
That still doesn’t explain why it took so long for them to say anything – or what actually triggered the cascade. For now, we’re still waiting for more clarity.
$OM
Mantra community – we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details…
— MANTRA | Tokenizing RWAs (@MANTRA ) April 13, 2025
So far, no technical breakdown or on-chain analysis has been provided. But the team is denying any involvement – and hinting that this may have been caused by heavy liquidations, rather than an exploit or rugpull.
That still doesn’t explain why it took so long for them to say anything – or what actually triggered the cascade. For now, we’re still waiting for more clarity.
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