Mantra links OM token crash to risky crypto exchange policies

Mantra has cited broader industry factors as contributing to the recent collapse of its OM token, with CEO John Mullin calling on exchanges to reassess their leverage policies.

Update (April 30, 4:10 pm UTC): This article has been updated to add a comment from Mantra CEO John Mullin.

Decentralized finance (DeFi) platform Mantra has called for industry-wide cooperation to reduce investor risks in the aftermath of its OM token crash.

On April 30, Mantra published its latest update since the sudden collapse of its OM token, claiming that the incident was “bigger than Mantra.”

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