Some traders allege the token collapse was a rug pull… [or] the Mantra team had used their tokens as collateral to take out a massive loan.
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Mantra says one particular exchange may have caused OM collapse
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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.
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