MANTRA: CEX's reckless liquidation during the period of low liquidity caused OM to plummet, which may be due to negligence or market manipulation

Planet News: Layer 1 blockchain project MANTRA officially responded to the "OM token crash" in its official blog: "We have confirmed that the market volatility of OM was caused by reckless forced liquidation of OM account holders by centralized exchanges. The timing and depth of the collapse indicate that account positions were closed very suddenly, without sufficient warning or notification. This occurred during the low-liquidity Asian morning hours, which at least suggests a certain degree of negligence by centralized exchanges, or possibly deliberate market manipulation. Centralized exchange partners play a crucial role in providing liquidity for projects like ours. We work closely with them, however, they still retain significant discretionary power. When this discretionary power is exercised without proper internal and external supervision, market misalignment can occur, as recently happened, thereby damaging the interests of the project and investors. It needs to be clarified that this market misalignment was not caused by the team, MANTRA Chain Association, its core advisors, or token sales by MANTRA investors. The tokens remain locked and are still subject to the previously announced vesting period. The token economics of OM remain unchanged, as we stated in our latest token report last week. Our token wallet addresses are online and visible."