咒語（OM）令牌崩潰暴露了加密貨幣中的“關鍵”流動性問題

Mantra創始人兼首席執行官約翰·穆林（John Mullin）已開始耗資8000萬美元的OM令牌，以重新獲得用戶的信任，因為該令牌在4月初發生了崩潰之後。

Mantra founder and CEO John Mullin has begun a $80 million burn of OM tokens to regain users’ trust following the token’s crash earlier in April. However, the question of the underlying reasons for the crash remains unanswered, blockchain investigators told Cointelegraph.

Mantra創始人兼首席執行官約翰·穆林（John Mullin）已開始耗資8000萬美元的OM令牌，以重新獲得用戶的信任，因為該令牌在4月初發生了墜機事故。但是，區塊鏈調查人員告訴Cointelegraph，撞車事故的根本原因的問題仍未得到解決。

Unpacking Mantra’s OM crash would require a detailed forensic study rather than just basic blockchain analysis, said Natalie Newson, senior blockchain investigator at the blockchain security firm CertiK.

區塊鏈安全公司Certik的高級區塊鏈調查員Natalie Newson說，解開Mantra的OM崩潰需要詳細的法醫研究，而不僅僅是基本區塊鏈分析。

“A full forensic investigation, akin to what we saw post-FTX, would be needed to substantiate claims of calculated exploitation,” Newson said, highlighting challenges of tracing over-the-counter (OTC) transactions.

Newson說：“一項類似於我們在FTX後看到的類似於我們看到的法醫調查，需要證實計算出的剝削的主張。”

Newson’s perspective on the OM crash came days after Mantra released its post-crash statement, asking centralized exchange partners to collaborate on further unpacking the incident.

Newson對OM崩潰的看法是在Mantra發布其爆炸後聲明後幾天，要求集中的交流合作夥伴合作進一步解開該事件。

Onchain activity versus opaque OTC deals

OnChain活動與不透明的OTC交易

Addressing the OM token crash, Newson stressed the importance of distinguishing between public onchain activity and the “more opaque nature of OTC deals.”

在解決OM令牌崩潰時，Newson強調了區分公共場活動和“ OTC交易的更不透明的性質”的重要性。

Mantra CEO Mullin disclosed in an interview with Coffeezilla on April 15 that the Mantra team had “done a small amount of OTCs,” up to $30 million of OM tokens.

曼特拉（Mantra）首席執行官穆林（Mullin）在4月15日在接受咖啡齊拉（Coffeczilla）採訪時透露，咒語團隊“做了少量的OTC”，最高3000萬美元的OM令牌。

Unlike traceable transactions on centralized exchanges, OTC crypto transfers involve a method of buying and selling cryptocurrencies outside of exchanges, designed to enable deep liquidity and big trades while mitigating the volatility of prices.

與集中交易所進行的可追溯交易不同，OTC加密轉移涉及一種在交易所以外購買和銷售加密貨幣的方法，旨在促進深厚的流動性和大型交易，同時減輕價格的波動。

“In this case, the accumulation of approximately 100 million OM by a whale appears to have been the result of secondary market transactions — not necessarily direct activity from Mantra insiders,” Newson said.

Newson說：“在這種情況下，鯨魚約有1億om的積累似乎是二級市場交易的結果，不一定是咒語內部人士的直接活動。”

Analysis by Arkham or Nansen is not enough

Arkham或Nansen的分析還不夠

As previously mentioned, Mullin denied allegations that the OM crash resulted from an insider token dump, claiming that blockchain analytics platform Arkham had “mislabelled” some wallets.

如前所述，Mullin否認指控OM撞車是由內部人員代幣垃圾場造成的，聲稱區塊鏈分析平台Arkham“錯誤地標記”了一些錢包。

Newson said that data from Arkham and similar platforms like Nansen would be insufficient to confirm or deny insider involvement.

Newson說，來自Arkham和Nansen等類似平台的數據將不足以確認或拒絕內部人士的參與。

“To confirm coordinated insider behavior, it would likely require more than just basic wallet tracing on platforms like Arkham or Nansen,” Newson said, adding:

Newson補充說：“為確認協調的內部行為，它可能需要的不僅僅需要在Arkham或Nansen等平台上進行基本錢包追踪。”

To quickly unpack this situation, it seems a whale, possibly an institution, had been accumulating OM tokens through OTCs. After reaching a substantial amount of tokens, the whale began dumping them, ultimately leading to a significant crash in the token price.

為了快速解開這種情況，似乎是一條鯨魚，可能是一個機構，通過OTC積累了OM令牌。在達到大量令牌後，鯨魚開始傾倒它們，最終導致令牌價格發生了重大崩潰。

Newson is not alone in highlighting the complicated nature of tracing transactions in the OM token crash.

Newson並不孤單地強調了在OM令牌崩潰中追踪交易的複雜性質。

“There are ways to get data from the node, but it does not seem to be easy to get a full history,” Whale Alert’s co-founder Frank Weert told Cointelegraph.

鯨魚警報的聯合創始人弗蘭克·韋特（Frank Weert）告訴Cointelegraph：“有一些方法可以從節點獲取數據，但似乎並不容易。”

Mullin previously said that the team had been considering hiring a forensic auditor following the OM crash but had made no decision as of April 16.

穆林此前曾表示，該團隊一直在考慮在OM撞車事故發生後僱用法醫審計師，但截至4月16日，沒有做出任何決定。

Arkham did not respond to multiple Cointelegraph inquiries to comment on the Mantra incident.

阿卡姆（Arkham）沒有回應多個Cointelegraph詢問來評論該咒語事件。