咒语（OM）令牌崩溃暴露了加密货币中的“关键”流动性问题

Mantra创始人兼首席执行官约翰·穆林（John Mullin）已开始耗资8000万美元的OM令牌，以重新获得用户的信任，因为该令牌在4月初发生了崩溃之后。

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创始人兼首席执行官约翰·穆林（John Mullin）已开始耗资8000万美元的OM令牌，以重新获得用户的信任，因为该令牌在4月初发生了坠机事故。但是，区块链调查人员告诉Cointelegraph，撞车事故的根本原因的问题仍未得到解决。

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.

区块链安全公司Certik的高级区块链调查员Natalie Newson说，解开Mantra的OM崩溃需要详细的法医研究，而不仅仅是基本区块链分析。

“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说：“一项类似于我们在FTX后看到的类似于我们看到的法医调查，需要证实计算出的剥削的主张。”

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对OM崩溃的看法是在Mantra发布其爆炸后声明后几天，要求集中的交流合作伙伴合作进一步解开该事件。

Onchain activity versus opaque OTC deals

OnChain活动与不透明的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.”

在解决OM令牌崩溃时，Newson强调了区分公共场活动和“ OTC交易的更不透明的性质”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）首席执行官穆林（Mullin）在4月15日在接受咖啡齐拉（Coffeczilla）采访时透露，咒语团队“做了少量的OTC”，最高3000万美元的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.

与集中交易所进行的可追溯交易不同，OTC加密转移涉及一种在交易所以外购买和销售加密货币的方法，旨在促进深厚的流动性和大型交易，同时减轻价格的波动。

“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说：“在这种情况下，鲸鱼约有1亿om的积累似乎是二级市场交易的结果，不一定是咒语内部人士的直接活动。”

Analysis by Arkham or Nansen is not enough

Arkham或Nansen的分析还不够

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否认指控OM撞车是由内部人员代币垃圾场造成的，声称区块链分析平台Arkham“错误地标记”了一些钱包。

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

Newson说，来自Arkham和Nansen等类似平台的数据将不足以确认或拒绝内部人士的参与。

“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补充说：“为确认协调的内部行为，它可能需要的不仅仅需要在Arkham或Nansen等平台上进行基本钱包追踪。”

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.

为了快速解开这种情况，似乎是一条鲸鱼，可能是一个机构，通过OTC积累了OM令牌。在达到大量令牌后，鲸鱼开始倾倒它们，最终导致令牌价格发生了重大崩溃。

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

Newson并不孤单地强调了在OM令牌崩溃中追踪交易的复杂性质。

“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.

鲸鱼警报的联合创始人弗兰克·韦特（Frank Weert）告诉Cointelegraph：“有一些方法可以从节点获取数据，但似乎并不容易。”

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，该团队一直在考虑在OM撞车事故发生后雇用法医审计师，但截至4月16日，没有做出任何决定。

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

阿卡姆（Arkham）没有回应多个Cointelegraph询问来评论该咒语事件。