Mullin denied these theories in follow-up X posts, saying, “The team did not have a loan outstanding” and haven't orchestrated a rug pull.
Quote
Sources
Mantra says one particular exchange may have caused OM collapse
Referenced by
Traders and on-chain researchers accused the Mantra team of using OM tokens as loan collateral and triggering a liquidation during the April 13, 2025 crash, while the team denied holding any loans or engaging in a rug pull.
Crypto news
Claim
