Binance responds to OM flash crash: Multiple risk control measures have been implemented for OM tokens and will continue to closely monitor the project situation

Binance stated in an article on the X platform that it has noticed significant fluctuations in the price of MANTRA's native token, OM. Preliminary investigation results show that the situation in the past day was caused by cross exchange clearing. Since October last year, Binance has implemented a series of risk control measures for OM tokens, including reducing leverage levels. Binance continuously monitors leverage levels and adjusts them based on market conditions to implement risk control and help reduce price volatility. Since January this year, Binance has also issued warnings on its spot trading page regarding OM tokens, informing users that the token's token economics has undergone significant changes and the supply has increased. Binance will continue to closely monitor the situation and take appropriate measures.