MANTRA CEO John Patrick Mullin has formally proposed a manual migration of OM tokens held by OKX and its users, seeking a truce after weeks of public confrontation. In an open letter dated December 19, 2025, Mullin suggested conducting the migration between January 3 and 5, 2026, a delay from OKX's original December 20 deadline, to avoid potential disruptions during the year-end holidays.
The proposal comes in response to a formal warning from OKX, which threatened to delist the OM token if a migration plan was not confirmed by December 20. The exchange disclosed it holds 124,441,487 of its own OM tokens and 34,097,848 belonging to users, representing a significant portion of the token's supply. Mullin emphasized that MANTRA would handle the migration manually "for maximum safety and assurance that it will be conducted with accuracy and efficiency," a process he stated has been successfully used with other exchanges.
The current dispute has its roots in a public spat that escalated on December 12, when OKX published a detailed post criticizing MANTRA's narrative around the token's 90% crash in April 2025, which erased over $5 billion in market capitalization. Prior to that, on December 8, Mullin had publicly accused OKX of announcing migration dates unilaterally and containing factual errors.
The sector is now closely watching OKX's response to the proposed two-week delay. The resolution of this conflict is seen as vital for restoring investor confidence and ensuring a smooth technical transition to the MANTRA mainnet.
