Since the weekend incident, the team has worked together across departments and time zones to provide this fact-based assessment of the events.

Here are the key facts and our further actions:

- There were no $OM sales by the MANTRA team during this period of market distress.

- Data shows a number of significant OM traders were liquidated by centralized exchanges.

- We’re releasing details of an OM Token support plan that will feature both an OM Token buyback and supply burn program.

- I’ve already committed to burning my team allocation (not my team’s). Comprehensive burn program details are forthcoming.

- We’re building a dashboard with live balances of tokenomics buckets for additional market transparency.

We are confident that further information from our centralized exchange partners will provide more clarity on these events. We invite our exchange partners to collaborate on providing more clarity on trading activities during this time.

🫡🕉️

https://www.mantrachain.io/resources/announcements/statement-of-events-13-april-2025