Binance responds to OM flash crash: Mainly triggered by cross-platform liquidation, will closely monitor the situation

2025-04-14 11:48:27

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ChainCatcher message, Binance's official announcement states that it has noticed significant price fluctuations in the MANTRA token OM. Preliminary investigations reveal that the fluctuations over the past day were primarily triggered by cross-exchange liquidations.

Since October of last year, Binance has implemented several risk control measures for the OM token, including reducing leverage levels. Binance will continue to monitor leverage levels and make adjustments based on market conditions to strengthen risk control and help reduce volatility.

Since January of this year, Binance has also enabled pop-up notifications on the spot trading page for OM, reminding users that the token's economic model has undergone significant changes and that the supply has increased.

Binance will continue to closely monitor the situation and take appropriate actions to protect user interests and maintain the stability and fairness of the platform.

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Binance OM flash crash MANTRA

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