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Zafar Naik

OKX Challenges Mantra Over OM Token Migration as Price Manipulation Claims Reach Regulators

On December 10, OKX sent a letter to Mantra contesting public comments from CEO JP Mullin and later issued a statement alleging coordinated OM trading that pushed the token's price up before a sharp crash. Mullin has repeatedly urged users to withdraw OM from OKX and insists ERC-20 OM cannot migrate before its deprecation on January 15, 2026, leaving holders facing conflicting timelines. OKX says it backs the migration, has involved regulators and law enforcement, and argues that blocking it could unfairly impact its users.
OM
OM-4.55%
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