Mantra CEO JP Mullin responded to the community in a blog post and discussed why it led to the massive emergence of huge losses among many users. Marine said she understands the frustration and pain associated with such losses. He emphasized that the issue of trust is important to the mantra and that he and his team are committed to rebuilding it.
Marine tried to reassure investors that everything possible is being done to find the truth. The team is looking at what happened and how to prevent it from happening again. He expressed the need for additional efforts in mantra chain transparency, team commitment and decentralization.
Marine's future plans
Mullin outlines plans for next week, including participating in Token 2049 in Dubai, and offers public updates on Mantra's next steps. This update covers new ecosystem developments, an enhanced governance platform, and ways to protect investors.
Next week @jp_mullin888 will be joining @henriarslanian on the stage in Dubai: “Real World Accountability: A Candid Conversation with JP Marin in Mantra” @token2049. Until then, you can read his CEO's statement below:
Wednesday, April 30th at 1pm
📍kucoinstagehttps://t.co/g5tu2dihky– Mantra | April 25, 2025, RWAS (@mantra_chain) tokenization
As Mullin previously swears, one of the most important components is the combustion of OM Holdings. This process demonstrates a strong commitment to restoring trust between communities. Burning these tokens will increase the reliability of the mantra ecosystem and reaffirm the team's dedication to their long-term vision.
Marin also urged the rest of the cryptocurrency industry to join forces to protect investors from liquidation cases. He explained the challenges that the community faced in achieving equality and vowed to continue the fight for further improvement.
Related: Mantra Fights Back: CEO outlines recovery plans and community support after OM crash
The CEO has expressed humility and sadness to provide such news. He reassured everyone that he would focus on overhauling the area needed to make meaningful progress. Marine also acknowledged the efforts the team has been embraced to address the issue.
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