CEX: Conclusive evidence of manual manipulation of OM price has been previously detected, with multiple legal lawsuits and judicial procedures underway.

On December 13th, CEX posted on social media indicating that they have found conclusive evidence that multiple associated and colluding accounts used large amounts of OM tokens as collateral to borrow huge amounts of USDT, artificially driving up the OM price. The CEX risk team promptly flagged this abnormal activity, contacted the relevant account holders, and requested corrections, but the parties refused to cooperate. To manage the risk, the platform took control measures against these related accounts. Shortly thereafter, the OM price plummeted. CEX only liquidated a minimal portion of OM collateral, and the significant losses caused by the sharp price decline were fully covered by the CEX security fund. Multiple third-party analyses pointed out that the price crash was primarily driven by perpetual contract trading activities outside of CEX platforms. The CEX security fund operates entirely according to its designed mechanism. To date, the other parties have not explained the source of the large OM tokens nor why these groups hold and control such a large proportion of the token supply. Currently, CEX has submitted complete evidence and documentation to regulators and law enforcement agencies, and multiple legal actions and judicial proceedings are underway. Meanwhile, CEX condemns the MANTRA team for not only failing to respond to these serious and suspicious activities but also for continuously ignoring the facts and publicly accusing CEX.