Tensions Escalate as OKX and MANTRA Clash on OM Token Migration
The post Tensions Escalate as OKX and MANTRA Clash on OM Token Migration appeared on BitcoinEthereumNews.com.
TLDR OKX raised concerns about Mullin’s comments on OM tokens, threatening legal action over the migration process. The dispute centers on MANTRA’s plan to shut down the ERC20 OM token and replace it with the new version. MANTRA CEO JP Mullin reassured the community, stressing readiness to cooperate with OKX for a smooth migration. MANTRA plans a 1:4 token split and gas unit change as part of its upcoming upgrade in January 2026. OKX accused Mullin of encouraging users to withdraw tokens, further straining relations between the two parties. A public dispute erupted between OKX and MANTRA over the OM token migration procedure. The disagreement escalated following a response from MANTRA CEO JP Mullin on December 12. OKX has expressed concerns over comments made by Mullin, while MANTRA stresses the importance of transparency in the process. OKX Raises Concerns Over Token Migration and Potential Legal Action OKX raised concerns about comments made by Mullin regarding OM tokens held by the exchange. The crypto exchange questioned how MANTRA was handling its token migration and suggested it could take legal action. OKX’s letter warned that any potentially harmful decisions by MANTRA could lead to legal consequences. Let’s clarify the facts, since MANTRA team continues to push a misleading narrative: 1. OKX identified evidence that multiple connected and colluding accounts used large quantities of OM as collateral to borrow significant amounts of USDT, artificially pushing OM’s price up. 2.… pic.twitter.com/8nJUlr7PnV — OKX (@okx) December 12, 2025 Despite this, OKX expressed its desire to work constructively with MANTRA during the migration process. The main point of contention lies in the plan to shut down the ERC20 version of the OM token. MANTRA plans to replace it with the new MANTRA Chain-native OM token, which will be active by January 25, 2026. OKX’s letter also…
