Odaily News Chain detective ZachXBT posted on the X platform that the two names I keep hearing associated with the Mantra incident are Denko (founder of Reef Finance) and Fukogoryushu, who allegedly contacted some people in the days before the -90% crash and asked them to take out large-scale loans with OM as collateral.
For those unfamiliar with REEF, similar market manipulation incidents have occurred with REEF in the past, prior to its delisting from Binance in October 2024 and its $80 million OTC deal with Alameda in 2021.