The cryptocurrency world experienced a significant shock as the Real World Assets (RWA) based Mantra (OM) coin plummeted by over 90% within hours. This dramatic decline, triggered by off-exchange leveraged trading and cascading liquidations according to Binance, has raised questions about responsibility and transparency. Binance, in a public statement on X, shed light on the cause of this collapse. They highlight that the primary factor was the rapid liquidation of positions during off-exchange leveraged trading activities. While warnings against the risks of Mantra’s token were issued as early as January, Binance emphasizes their ongoing efforts to mitigate such potential risks and protect users. 90% of the OM coin supply is currently controlled by insiders, further fueling concerns regarding potential manipulation.