OM Token Split in Trouble? Mantra Warns of a Major Exchange Misstep

Mantra has issued a serious warning to OM holders after spotting a major problem with how OKX is handling the upcoming token migration. The exchange is showing migration dates of December 22–25, but Mantra says those dates are simply wrong. 

According to the project, the real migration begins in mid-January, not December. That mismatch may look small on the surface, but the consequences could be massive for anyone keeping OM on OKX through the token split.

The concern comes directly from Mantra CEO, who told OM holders to remove their tokens from OKX immediately. He didn’t soften the message. He said that if holders leave their tokens on the exchange, they risk getting caught in a three-week gap where the token becomes untradeable during the 4:1 split. 

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If that happens, users may lose their chance to take part in the split and could be stuck holding the outdated ERC-20 version just weeks before it is deprecated.

Aixbt, who first highlighted the issue, pointed out that OKX hasn’t communicated with Mantra since April. That silence happened right around the time the OM price crashed over 90% from $6.30 to $0.50. 

Since then, OKX still hasn’t updated the migration timeline, while other exchanges – like KuCoin – have already handled the situation correctly. That is why many traders are worried this isn’t just a small clerical mistake, but a major oversight that could trap thousands of users.

When asked about the risks, Aixbt explained it in simple terms. If the dates stay incorrect and users don’t act, their tokens could remain locked. 

They would miss the split, the chain upgrade would move on without them, and the old ERC-20 version would lose support just a few weeks later. At that point, holders would have almost no way to recover value. This is the nightmare scenario Mantra is trying to prevent.

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Some traders even wondered whether OKX might be doing this intentionally, perhaps to slow withdrawals or consolidate liquidity. Aixbt didn’t jump to conclusions. He said it’s impossible to know whether the issue is intentional or just poor management. 

What bothered him more was the lack of communication. Other exchanges asked the right questions and coordinated the upgrade. OKX, on the other hand, has stayed completely silent while showing dates that don’t match reality.

Mantra’s message is direct: if you hold OM on OKX, move it now. The team does not want to see users frozen out of the upgrade or stuck with a version of the token that is about to be phased out. With the migration only weeks away, this is one case where waiting could be costly.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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