Mantra launched an internal investigation into the causes of the April 13, 2025 collapse and is working with external blockchain analysts to uncover key triggers

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Our objective is to deliver a fact-based assessment that addresses community questions and outlines measures to strengthen market resilience. While our investigation remains ongoing, we are committed to sharing verified information in a timely and transparent manner.

In order to proceed with the investigation, Mantra has teamed up with unspecified blockchain analysts to get insights on the underlying causes of the crash, Mullin told Cointelegraph.