• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mantra CEO Urges OM Holders to Withdraw from OKX Amid Migration Confusion

user avatar

by Rajesh Kumar

9 hours ago


In a significant development for OM token holders, Mantra's CEO has issued a warning regarding the recent migration announcement from the OKX exchange. This advisory comes amid concerns over the accuracy of the information provided by OKX, leading to potential complications for users. According to the experts cited in the publication, the situation is becoming critical.

CEO of Mantra Urges Users to Withdraw OM Tokens from OKX

John Patrick Mullin, the CEO of Mantra, took to social media to urge users to withdraw their OM tokens from OKX, citing multiple inaccuracies in the exchange's migration announcement. He emphasized the importance of not relying on OKX for the migration process, as the discrepancies could lead to confusion and potential losses for token holders.

Tension Between Mantra and OKX Increases

The warning has sparked increased tension between Mantra and OKX, as users are now left to navigate their options carefully ahead of the upcoming token migration. With the stakes high, Mullin's call to action serves as a crucial reminder for investors to stay informed and proactive in managing their assets during this transition.

Amid the ongoing concerns raised by Mantra's CEO regarding the OKX exchange, recent allegations have emerged within the Aave ecosystem about potential fee misallocation. For more details, see the full report on the allegations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Reserve Protocols Community Considers Major RSR Token Burn

chest

The Reserve Rights community is considering a significant proposal to burn approximately 30 billion RSR tokens to improve financial health and governance.

user avatarTando Nkube

Bitcoin and Ethereum Show Divergent Exchange Netflow Trends

chest

This week, Bitcoin and Ethereum have shown strong divergence in their exchange netflow trends, with Bitcoin experiencing significant net withdrawals and Ethereum seeing increased interest among investors.

user avatarKofi Adjeman

HKMA Warns Public About Unregulated Yunbo and Stablecoin Promotions

chest

The Hong Kong Monetary Authority (HKMA) has issued a warning about unregulated promotions by Yunbo Holdings and stablecoins, emphasizing consumer protection and the absence of stablecoin licenses.

user avatarNguyen Van Long

Regulatory Pressure on Upbit Dates Back to 2024

chest

Upbit has faced ongoing regulatory scrutiny for KYC violations, with similar warnings issued in November 2024. This current suspension underlines a pattern of enforcement escalation by South Korean financial authorities.

user avatarSatoshi Nakamura

Upbit Halts ID Verification Amid KYC Scrutiny

chest

Upbit has temporarily suspended identity verification using resident registration cards due to KYC/AML breaches amid regulatory scrutiny.

user avatarJesper Sørensen

XRP Withdrawals from Upbit Resume After Long Pause

chest

XRP withdrawals from Upbit have resumed for the first time since 2023, indicating a shift in market behavior.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.