Mantra links OM token crash to risky crypto exchange policies

Quick Summary:

On April 30, Mantra published its latest update since the sudden collapse of its OM token, claiming that the incident was “bigger than Mantra.”“Liquidation cascades could happen to any project in the crypto industry,” Mantra CEO John Mullin warned in the post, pointing to the role of “aggressive leverage positions” on exchanges as a broader threat to investor safety.

Related: Mantra unveils $108M fund to back real-world asset tokenization, DeFi“By the end of Q2 2025, we’ll have reduced internal validators by half and onboarded 50 total external partner validators,” the update states.

Source: Mantra“We’re cooperating with major exchanges to improve market stability, and we’re calling on the rest of our industry to provide input on how exchange policies can minimize — or continue to permit — policies that create risk to investors,” the update states.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets: United States

Topics: Leverage Industry Mantra Exchanges Update Token Industry-wide Calling Latest Policies Crash

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 13:34:21 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28298641

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