List of Flash News about litigation
| Time | Details |
|---|---|
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2025-12-09 21:44 UTC |
OKX Updates OM Token Migration from ERC20 to MANTRA After Proposal 26; Legal Advisory Flags OKX-Held OM, Trading Unaffected
According to JP Mullin, he requested OKX to confirm the number of OM tokens belonging to OKX users slated for migration and the number of OM tokens held on OKX’s balance sheet intended for migration, while noting external counsel advised refraining from any transactions involving OM tokens believed to be in OKX’s possession due to ongoing litigation alleging potential misconduct (source: JP Mullin on X, Dec 10, 2025). OKX stated it revised the OM migration timeline in support of MANTRA Chain’s official Proposal 17 after clarification on Proposal 26, and it added that Margin Trading and Loans, Futures, Spot Trading and related services will not be affected during the migration (source: OKX on X, Dec 10, 2025; OKX Help Center, OM migration notice). |
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2025-12-09 03:48 UTC |
OKX asked to confirm OM token balances and Dec 22 user migration; MANTRA cites ongoing litigation
According to @jp_mullin888, MANTRA plans to support OKX in migrating users’ OM tokens and is asking OKX to confirm the number of user OM tokens scheduled for migration on December 22 (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, MANTRA is also requesting OKX to confirm how many OM tokens it holds on its balance sheet (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, external counsel advised that OM tokens believed to be in OKX’s possession are subject to ongoing litigation alleging potential misconduct, and MANTRA should refrain from participating in transactions with those tokens (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, the dialogue is being kept public for transparency and the benefit of the MANTRA and OM holder community (source: @jp_mullin888 on X, Dec 9, 2025). For traders, key actionable details are the December 22 migration date, pending disclosure of user OM amounts to be migrated, and a stated restriction on engaging with OM tokens believed to be in OKX’s possession due to litigation, which define timing, supply visibility, and compliance constraints relevant to exchange flows and order routing (source: @jp_mullin888 on X, Dec 9, 2025). |