Jason Ta

To the MANTRA community,

First and foremost, I want to acknowledge the impact of what happened two weeks ago. I understand many of you lost money. Some of you lost a lot of money. Your trust is everything to us, and we're working to rebuild it with a focus on doubling down on transparency, team commitment to the project, and MANTRA Chain's continued decentralization.

Every day, we continue to investigate exactly what happened and develop plans to prevent similar events in the future.

Next week in Dubai at TOKEN2049, I will be speaking onstage. At that time, we will also publicly provide an update with substantive next steps, including:

- An announcement of new MANTRA ecosystem developments and enhanced governance protocols

- Updates and status regarding the execution of the burn of my OM holdings

- A call to action for the crypto industry to work together to protect investors from these kinds of liquidation events

This has been humbling. And heartbreaking. We need to take a moment to regroup and make sound decisions. I promise that our team won't rest until we've made this right.

I'm listening. I hear your concerns. And I'm committed to leading us through this challenging moment with total transparency. Our team has barely slept, and I want to thank them for their enormous dedication.

More updates to follow.

JPM

🫡🕉️

Chieftain 😀