On March 1, 2025, Bithumb, a leading South Korean cryptocurrency exchange, announced a temporary suspension of all deposit and withdrawal functions for the Mantra (OM) token at 2:00 p.m. UTC to facilitate its token migration and rebranding to MANTRA. This operational update is part of a strategic initiative to align Mantra’s identity with its evolved focus on regulated Web3 applications, following the guidelines set by South Korea’s Virtual Asset User Protection Act for transparent disclosures during such events. The specific conversion ratio for token holders will be 1 OM to 4 MANTRA tokens, and the exchange has assured users that all balances will be automatically credited post-swap, requiring no manual actions from them.
Bithumb suspends OM for Mantra’s rebranding and token swap
