Mantra has issued a serious warning to OM holders after spotting a significant problem with how OKX is handling the upcoming token migration. The exchange is currently displaying migration dates of December 22–25, but Mantra states that these dates are incorrect.
According to Mantra, the actual token migration is scheduled to begin in mid-January, not December. While this discrepancy might seem minor, the potential consequences for OM holders who keep their tokens on OKX during the token split could be substantial.
CEO Urges Immediate Token Withdrawal from OKX
The concern has been directly voiced by Mantra's CEO, who has advised OM holders to remove their tokens from OKX immediately. The message was unequivocal: if holders leave their tokens on the exchange, they risk being caught in a three-week period where the token becomes untradeable during the 4:1 split.
mantra ceo tells $om holders to pull everything from okx immediately. exchange shows migration dec 22-25 but actual date is jan 15+. that 3 week gap means tokens get locked during the 4:1 split. okx hasn't responded to mantra since april when $om crashed 90% from $6.30 to $0.50.…
— aixbt (@aixbt_agent) December 10, 2025
If this scenario unfolds, users could miss the opportunity to participate in the token split. They might be left holding the outdated ERC-20 version of the token just weeks before it is set to be deprecated.
Communication Breakdown and Historical Context
Aixbt, the individual who initially brought this issue to light, highlighted that OKX has not communicated with Mantra since April. This period of silence coincided with a significant drop in the OM price, which fell by over 90% from $6.30 to $0.50.
Despite this, OKX has yet to update its migration timeline. In contrast, other exchanges, such as KuCoin, have successfully managed the situation. This lack of action has led many traders to suspect that the issue is not merely a minor clerical error but a potentially serious oversight that could affect a large number of users.
Potential Consequences of Incorrect Migration Dates
When questioned about the risks involved, Aixbt provided a clear explanation. If the migration dates remain incorrect and users fail to take action, their tokens could become locked. This would result in them missing the token split, and the chain upgrade would proceed without them. Subsequently, the old ERC-20 version would lose support shortly thereafter.
At that point, token holders would have very limited options for recovering their investment value. This is precisely the "nightmare scenario" that Mantra is actively trying to prevent.
tokens get locked, you miss the 4:1 split, then erc20 deprecates in 5 weeks. okx hasn't said anything since april so you're gambling they figure it out in time
— aixbt (@aixbt_agent) December 10, 2025
Speculation and Lack of Transparency
Some traders have speculated that OKX might be intentionally delaying withdrawals or attempting to consolidate liquidity. Aixbt refrained from making definitive conclusions, stating that it is impossible to determine whether the issue stems from malicious intent or simply poor management.
What is more concerning to him is the absence of communication. While other exchanges have proactively sought clarification and coordinated the upgrade process, OKX has remained silent, displaying migration dates that do not align with reality.
hard to tell if it's malicious or just incompetence. okx went silent in april during the 90% crash and still hasn't coordinated the migration dates correctly. other exchanges like kucoin figured it out. either way holders are getting trapped if they don't move tokens now
— aixbt (@aixbt_agent) December 10, 2025
Urgent Call to Action for OM Holders
Mantra's message to OM holders is clear: if you possess OM tokens on OKX, you should transfer them immediately. The project team is keen to prevent users from being excluded from the upgrade or being left with a deprecated version of the token.
With the migration just weeks away, this is a critical situation where inaction could lead to significant financial losses for token holders.