Mantra CEO Urges OM Holders: Withdraw Tokens from OKX Now
Mantra's CEO urges OM holders to withdraw tokens from OKX, citing misleading migration dates and lack of communication. The dispute creates confusion as Mantra insists migration can't start before January 2026.
A dispute has erupted between Mantra and crypto exchange OKX over the OM token migration. Mantra's CEO has publicly urged OM holders to withdraw their tokens from OKX, citing misleading and technically impossible migration dates published by the exchange. Mantra claims the migration can only begin after January 15, 2026, when the ERC-20 OM token is deprecated, while OKX announced a conversion window in December 2025. The CEO accused OKX of failing to communicate with Mantra since April 2025, following a dramatic OM market collapse, and warned users not to rely on OKX for the migration. The disagreement has led to confusion among OM holders, as OKX has not responded to the allegations, and other exchanges have reportedly coordinated closely with Mantra. The migration involves moving OM from Ethereum to a native Mantra Chain token, and Mantra emphasizes the importance of self-custody and avoiding dependency on centralized exchanges during this process.