Mantra (OM) Plummets 90%: CEO Blames Exchange Closures

The price crash raises questions about the sudden and severe impact on OM holdings. The CEO of the protocol, JP Mullin, has shed light on the cause. In a public statement, he explained: ‘We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders.’ The timing and depth of this crash suggest a sudden and abrupt closure of positions without adequate warning or notification.