Mantra Investors deny the delay of the OM tokens before the fall despite the evidence

BlockSchain Analysts identified large transfers of tokens by the main mantra of investors in the days leading to the sharp collapse of the tokens, asking questions about the insider activity and the stability of the project.

Laser Digital, Strategic Investor Mantra, allegedly cashed large portions of Mantra (OM) tokens before Criptocurrency crashed 13 AprilOrlain data suggests.

At least two cash connected with laser digital money banknotes moved the $ 22.6 million in value – worth $ 227 million, according to Blockchain Analytics Platform Lookchain, stating Arkham data.

Since then, the company has declined reports, claiming that reference banknotes are not connected to laser digital.

Millions I OM moved to Bynance, OCCS

The laser digital is the business of a digital asset that supports the nomura. Firm announced Strategic investments in Mantra in May 2024. Years.

According to Arkham, one laser digital connected wallet has moved About 6.5 million om tokens (during $ 41.6 million) to the OCCS in seven transactions from April 11.

The last recorded transaction from the wallet occurred 11. April at 22. April at 22.00 UTC, Danim before the collision of Mantra, which took place on 13. April approximately 19:00 UTC, toward Data from coonger.

Another wallet send About 2.2 million OM (worth $ 13 million) in a series of transfers from 3 April.

The data also indicates that Laser digital digital began to reduce its OM binding today in the year. Washmen related to the firm allegedly He received a large part of his OM from the CRIPTO Trading company GSR in 2023. years.

Laser Digital later rejected Reports state their participation in the instability of OM, claiming that the reference banknotes did not belong to it.

“Laser has no participation in the recent collapse of the price of OM,” Laser said in the X post 14. April. “Transtions circulating on social media connecting the laser on ‘Sales Investor” are factually incorrect and wrong, “the company added.

Arkham did not immediately answer the request of Cointelegraph to comment on the Laser Digital wallet labels.

Action from other mantra investors

Laser Digital was not the only mantra investor active before our collapse.

According to the search for logo, the wallet associated with Shane Shin, the founding partner of the Shorook partner, received 2 million Om Token 13. April at 11:52 UTC, hours before falling.

Tokens arrived from a previously dormant wallet, which was in April 2024. received 2.75 million OM, LookChain reported.

And laser digital and shorook were among investors in $ 109 million Mantra Ecosistem Fund (Mef)) Announced 7. April.

Related: Mantra bounce 200% after the fall of price, but represents the risk of “big scandal” like Luna

“It is important to note that Shorook (management and basic partners) and mantra (management and team members) have not sold to the tokens in the lead to, or during, this collision,” Sharook spokesman said.

The representative also emphasized that Shorok was in the capital investor in Mantra, not exclusively token investor. “This means that our focus is on the long-term growth of the project,” a spokesman added.

Cointelegraph contacted the mantra in connection with the gathering of the OM tokens and its implications on Mef, but did not receive a response to the time of publication.

Bynance Om attributes crush on “excessive liquidations”

As the OCCS and Binance were among exchanges that were significant OM activities before and during the collision, both exchanges resolved the question directly. The OCCS Founder of Star KSU called the incident “Large Scandal in the entire crypto industry”.

While General Manager Mantra John Mullin credited to OM crashes to one exchangeBinance hinted on “cross-liquidity”.

“Our initial findings indicate that development has been the result of cross liquidations” “” “binance said In the announcement of the 14th April.

In update 14 April, OCCS said This Mantra tokenomy passed through major changes since October 2024. years and marked suspicious activities to more exchange.

Journal: An illegal arcade disguised as … Fake Min Bitcoin? Tree soldiers in China: Asia Express