The crypto market continues to be a source of intrigue, especially with the dramatic drop of Mantra (OM) which plummeted approximately 90% yesterday. While some have pointed fingers at the development team, OM founder John Mullin denies these claims. However, cryptocurrency sleuth ZachXBT has stepped forward to provide potential insights into the crash’s origins. His investigation suggests that Reef Finance founder Denko Mancheski and Fukogoryushu played a key role in the recent market volatility. CRYPTO Detective ZachXBT’s findings indicate that the duo initiated conversations with individuals who then sought loans using OM as collateral, raising concerns regarding their intentions and actions leading up to the crash. It is noteworthy that Reef Finance also suffered from past manipulation in the market, involving an over-the-counter deal worth $80 million with defunct company Alameda Research. Ultimately, this led to the delisting of Reef on Binance in October 2024. ZachXBT’s analysis sheds light on potential suspects without directly confirming their involvement in the Mantra crash. Whether OM’s CEO and development team were aware of these developments remains unclear, leaving users to reach their own conclusions.