Mantra released a post-crash statement on its OM token but offered little clarity while confirming buyback and burn plans to support the community.
Update (April 16, 6:50 pm UTC): This article has been updated to add a comment by Mantra CEO John Mullin.
Troubled decentralized finance (DeFi) platform Mantra released an official statement addressing the reasons for a 92% flash crash of its OM token on April 13.
An April 16 announcement titled “Statement of Events: 13 April 2025” reiterates that the crash did not involve any token sales by the project itself, and the Mantra team remains fully functional and continues investigating the incident.
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