🤡 #crypto

OKX said in a public statement about the MANTRA (OM) incident that it uncovered multiple linked accounts working together to pledge large amounts of OM as collateral in order to borrow USDT, artificially inflating the token’s price. The resulting significant losses were fully absorbed by OKX’s insurance fund. The exchange added that it has provided relevant evidence to regulators and law enforcement, and that several legal cases are currently in progress.