Tensions are escalating between blockchain platform Mantra and crypto exchange OKX after Mantra accused OKX of disseminating false information regarding its token migration. In a recent post, Mantra CEO John Patrick Mullin advised users to withdraw their OM tokens from OKX to reduce reliance on the exchange. He criticized OKX's announcement about the migration, claiming it included inaccuracies about dates and procedures. While OKX stated the migration would occur between December 22 and 25, Mantra clarified that it would only happen after the January 15 deprecation of the ERC-20 OM token. Mullin also noted that OKX's communication has been lacking since April 13, when the OM token's price plummeted over 90%. He attributed this crash to aggressive trading practices on exchanges and urged a review of leverage policies. Additionally, Mantra plans to burn 150 million staked OM tokens to tighten supply. Cointelegraph has reached out to OKX for comments but has yet to receive a response.
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