Urgent: Mantra CEO Calls for Immediate OM Token Withdrawal From OKX
Mantra CEO John Patrick Mullin has issued an urgent warning to users: withdraw your OM tokens from OKX immediately. His statement follows a series of communication failures and inaccurate information released by the exchange regarding the OM token migration.
Why the Withdrawal Warning?
OKX recently published incorrect details about the OM token migration, creating confusion among holders. More concerning, Mullin revealed that OKX has not communicated with Mantra since April—when OM’s price sharply dropped. This breakdown in dialogue and the release of faulty information eroded trust and prompted the CEO to call for full user self-custody.
Key Takeaways for Crypto Users
The situation underscores a core principle in crypto: “Not your keys, not your coins.”
Self-custody matters: Holding tokens in your own wallet eliminates dependence on exchange accuracy.
Verify from official sources: Migration details should always be checked on a project’s official channels.
Communication issues are a red flag: Lack of coordination between a project and an exchange signals potential risk.
How to Safely Withdraw OM From OKX
Users are advised to move OM into a non-custodial wallet such as MetaMask or Trust Wallet. Send a small test transaction first, then transfer the rest once confirmed. This ensures full control over your tokens and aligns with decentralized best practices.
The Bigger Picture
Mullin’s statement reflects broader concerns about transparency in centralized exchanges. When communication fails, user withdrawals become a powerful signal. This event may push more projects and investors to rethink where they store their assets and emphasize self-custody as the safest long-term strategy.
Bottom Line
The Mantra CEO’s urgent call for OM withdrawals is a clear reminder: relying on any centralized exchange carries risk. OM holders should secure their tokens in personal wallets, and the broader crypto community should take note—true ownership comes from controlling your own keys.
