**[OKX Issues Statement on MANTRA (OM) Price Fluctuations, Multiple Lawsuits and Legal Proceedings Underway]** Foresight News reports that OKX has issued a statement regarding the MANTRA (OM) incident, stating that evidence indicates multiple interconnected and colluding accounts used large amounts of OM as collateral to borrow significant amounts of USDT, artificially inflating the price of OM. Its risk team correctly flagged this abnormal activity and contacted the account holders, requesting corrective actions. However, they refused to cooperate. To mitigate risks, OKX imposed restrictions on these related accounts. Shortly thereafter, the price of OM plummeted. OKX liquidated only a minimal amount of OM, but the sharp price drop resulted in substantial losses, all of which have been covered by the OKX Security Fund. Multiple third-party analyses suggest that the price crash was primarily driven by ongoing trading activities outside of this exchange. The source of these abnormally large amounts of OM remains unclear, as does the reason why these individuals or groups hold and control such a significant portion of the token supply. OKX has submitted all evidence and documentation to regulatory authorities and law enforcement agencies. Multiple lawsuits and legal proceedings are currently underway.