Binance responds to OM flash crash: mainly caused by cross-trading platform clearing, and will pay close attention to developments

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趋势观察者

04-14 11:41

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On April 14, Binance officially issued a statement saying that it noticed that the MANTRA token OM had severe price fluctuations. Preliminary investigations found that the fluctuations in the past day were mainly caused by cross-trading platform clearing.

Since October last year, Binance has implemented several risk control measures on OM tokens, including reducing leverage levels. Binance will continue to monitor leverage levels and adjust to market conditions to strengthen risk control and help reduce volatility.

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

Binance will continue to monitor developments closely and take appropriate action to protect the interests of users and maintain the stability and impartiality of the platform.

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