- OKX and MANTRA engaged in a public dispute over the migration of OM tokens.
- MANTRA CEO expressed issues about OM tokens held by OKX.
- OKX says it intends to “work constructively” with MANTRA on the transition program.
The continuing dispute between OKX and MANTRA escalated on Friday, December 12, following public exchanges between the events. MANTRA CEO JP Mullin posted an in depth response relating to X and referenced the authorized letter OKX issued to the corporate. Marin mentioned MANTRA seeks transparency within the ongoing battle.
OKX threatens doable authorized motion towards MANTRA
OKX had expressed concern over Marin’s feedback about OKX’s holdings of OM tokens and the way blockchain tasks are dealing with ongoing token migration. OKX mentioned it desires to “cooperate constructively” with MANTRA. The cryptocurrency change additionally famous that it doesn’t think about Marin’s preliminary submit to be the blockchain firm’s official place on the difficulty, however warned that it might take authorized motion if it deems MANTRA’s feedback or selections to be probably dangerous.
The primary concern between the events to the “dispute” issues MANTRA’s plans to shut down the ERC20 model of the OM token and substitute it with the brand new MANTRA chain-native OM. Based on MANTRA’s program, the migration course of will finish on January 25, 2026, and customers who fail emigrate to the brand new protocol may have their tokens stripped and the MANTRA Chain Affiliation will retrieve them.
MANTRA CEO says challenge is able to collaborate with OKX
In the meantime, Marin assured the MANTRA group that the challenge is able to cooperate with OKX for a clean transition of all tokens. He additional acknowledged that after the January 15 deadline, MANTRA will roll out a sequence improve with a 1:4 token break up. That is the method of quadrupling the full provide of tokens and every person’s steadiness. Moreover, MANTRA Chain switches gasoline items from uOM (6 decimal locations) to aMANTRA (18 decimal locations).
It’s value noting that OKX’s letter to MANTRA was strongly worded, accusing Marin of encouraging customers to withdraw their OM tokens from the change. OKX thought-about such feedback to be derogatory and warned the MANTRA CEO to desist from additional allegations.
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