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MANTRA: It has been determined that OM market volatility was triggered by CEX's forced account closure of token holders

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2025-04-14 02:36:24
MANTRA said in a statement on the X platform that it has determined that the OM market volatility was triggered by the reckless forced closure of accounts by CEX on token account holders. The timing and depth of the plunge suggest that account positions were suddenly closed without sufficient warning or notice. The incident occurred during a period of low liquidity on Sunday night UTC (early morning Asian time), indicating a degree of negligence by CEX, or possibly a deliberate market positioning.
CEX partners play an important role in providing liquidity to the project, but they still exercise extremely high discretion. If discretion is exercised without proper internal and external oversight, a disruption like the one that occurred recently can and will happen, damaging both the project and the investors. To be clear, this disruption was not caused by the team, MANTRA Chain Association, core advisors or MANTRA investors selling tokens. The tokens remain locked and subject to a published vesting period. The token economics remain unchanged. Please do not click on any scam links or accounts impersonating MANTRA.
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