BlockBeats News, April 14th, Shorooq Partners, a key investor in MANTRA, posted on social media stating that during the OM price collapse, neither the Shorooq Fund, founding partners, nor the MANTRA team sold any tokens. There were also no vulnerabilities in MANTRA, as on-chain data confirms that a large-scale forced liquidation was the triggering factor. This chain reaction occurred during a period of low liquidity, leading to panic selling. Shorooq stated that as a long-term equity investor in MANTRA, their belief has never wavered.
BlockBeats previously reported that the RWA project MANTRA announced on March 19, 2024, the completion of an 11 million USD fundraising round, led by Shorooq Partners, with participation from Three Point Capital, Forte Securities, Caladan, Virtuzone, Hex Trust, Token Bay Capital, GameFi Ventures, Mapleblock, Fuse Capital, and 280 Capital.
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