Mantra has publicly clashed with the OKX exchange regarding the upcoming migration of its OM token, accusing the platform of spreading misleading information. On his X account, Mantra CEO John Patrick Mullin urged users not to leave their OM tokens on OKX, criticizing the exchange’s handling of the process. He argued that users should resort to self-custody, suggesting a problem of trust or negligence on the part of the intermediary.
Dispute Over Migration Timeline
The conflict erupted when OKX announced that the OM swap would occur between December 22 and 25. This claim was immediately refuted by Mantra, citing governance documents that indicate the migration cannot happen before January 15. The Mantra-OKX dispute arises at a crucial moment, as OM is transitioning from its Ethereum format to a native Mantra Chain token. Mullin pointed out that OKX has remained silent for months and has not coordinated the change with the project, unlike other exchanges, generating great uncertainty among OM holders.
Community Impact and Future Outlook
There is still no public response from OKX, and the situation leaves OM users caught in the middle of contradictory information. Industry observers view this dispute as a case study on how misalignment between token issuers and exchanges can cause confusion, especially during migrations that require precise synchronization. The community must be attentive to OKX’s response and the actual technical progress of the migration in January.
This situation highlights the importance of clear communication and coordination between crypto projects and exchanges, especially during critical events like token migrations.