Mantra (OM) Token Dumps ~90% in Hours
- Market Structure
Mantra (OM) experienced a dramatic 90% price crash within an hour, dropping from over $6 to below $1, with liquidations exceeding $70 million. CEO JP Mullin attributed the crash to 'reckless forced closures' initiated by centralized exchanges on OM account holders without sufficient warning.
Incident Details
- Type
- RUG PULL
- Funds Lost
- $5.4B
- Status
- Ongoing
Unknown