ZachXBT: Reef Finance founder Denko allegedly asked some people to pledge tokens for loans a few days before OM crashed

CoinRank 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 who are not familiar with REEF, similar market manipulation incidents occurred in the past before the Binance delisting in October 2024 and the $80 million OTC transaction with Alameda in 2021.