🚨OM Token Crash Insider⁉️💥 Mantra's Opaque Trading Hides Shocking Secrets!😱🔥

Mantra CEO John Mullin destroyed $80 million in tokens after the OM token crash to regain trust, but the truth of the event remains elusive. Blockchain security expert Natalie Newson stated that a thorough legal investigation is needed rather than simple on-chain analysis to uncover the mystery.

OTC Trading Becomes the Focus

Newson pointed out that the OM crash involves opaque over-the-counter (OTC) trading. Mullin admitted during an interview with Coffeezilla that the team conducted $30 million in OTC trades, but denied any insider leaks. Newson emphasized that the accumulation of 100 million OM by whales may originate from the secondary market rather than Mantra internally.

On-Chain Analysis Hits a Bottleneck

Newson mentioned that tools like Arkham and Nansen struggle to confirm insider trading, requiring support from OTC agreements and transaction records. Whale Alert co-founder Frank Weert also stated that obtaining complete transaction history is extremely challenging. Although Mullin considered hiring a legal audit, no conclusion had been reached as of April 16.