PANews reported on April 14 that Binance said in a post on the X platform that it had noticed a sharp fluctuation in the price of MANTRA's native token $OM. Preliminary investigation results showed that the situation in the past day was caused by cross-exchange liquidations. Since October last year, Binance has implemented a series of risk control measures for OM tokens, including reducing leverage levels. Binance continues to monitor leverage levels and adjusts them according to market conditions to implement risk control and help reduce price volatility. Since January of this year, Binance has also popped up warnings for OM tokens on its spot trading page, informing users that the token economics of the token have changed significantly and the supply has increased. Binance will continue to monitor the situation closely and continue to take appropriate measures.
Binance responds to OM flash crash: We have already implemented a number of risk control measures for OM tokens and will continue to closely monitor the project
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