ZachXBT: Reef founder sought collateral from multiple parties to secure a large loan for OM on the eve of the OM crash

According to BlockBeats, on April 14th, blockchain detective ZachXBT posted on social media that he had heard two names related to the Mantra incident: Denko (founder of Reef Finance) and Fukushima. It is reported that in the days leading up to the 90% drop in OM tokens, these two individuals sought to obtain large loans using their OM holdings as collateral from various sources. It should be noted that Reef Finance has a history of market manipulation, and the token was delisted by Binance in October 2024. Its team also reached an $80 million over-the-counter trading agreement with Alameda Research in 2021.