Mantra Collapse Sparks Debate on Trust in DeFi

Mantra Collapse Sparks Debate on Trust in DeFi

Mantra DeFi collapse wiped out $6 billion in minutes as the token lost 90% of its value, raising questions about insider trading.

Mantra Crash Fallout: Binance, OKX, and Bybit Address Price Drop and Insider Allegations

Following the 90% collapse of $OM, exchanges Binance, OKX, and Bybit have issued separate statements addressing the price crash, insider claims, and cross-exchange liquidations. Here’s what each platform said.

Mantra (OM) Whales Count Their Losses and Take Punt With New PayFi Leader Coldware

The collapse of Mantra (OM), which saw its price plummet by 92%, has caused panic, particularly whales who held significant portions of the token. As OM recovers from its crash, traders seek new, more reliable assets. Among the options being explored is Coldware (COLD), a PayFi leader rapidly gaining attention for its innovative approach to the meme coin market. Why the MANTRA Token Fell and Why Whales Are Hedging with Coldware The downfall of M…

Mantra post-OM token crash statement leaves key questions unanswered

Update (April 16, 6:50 pm UTC): This article has been updated to add a comment by Mantra CEO John Mullin.Troubled decentralized finance (DeFi) platform Mantra released an official statement addressing the reasons for a 92% flash crash of its OM token on April 13.An April 16 announcement titled “Statement of Events: 13 April 2025” reiterates that the crash did not involve any token sales by the project itself, and the Mantra team remains fully fu…

OM $6 billion crash -- Where did things go wrong?

Mantra has continued to face serious scrutiny over the sudden collapse of its native token, OM, on April 13, 2025. Without any indications, OM went down from $6.21 to $0.49 clearing more than $6 million of investors’ funds.  At the height of the crisis, one investor disclosed that they invested around $3.2 million in the token. Following the inception of the massive dip, their investment is now worth just $200,000.  Mantra is a decentralized fin…

Mass Liquidations and Volatility: $OM Futures See Sharp Open Interest Collapse and Leverage Spike

Native to the MANTRA ecosystem, the $OM token experienced a shocking sequence of market events on April 13 that reverberated throughout derivatives markets. In a rapid set of moves that should have been impossible, the Open Interest (OI) in $OM futures collapsed from $261 million to just $121 millio...