PANews reports on April 14th that Binance stated on the X platform that it noticed significant price fluctuations of MANTRA's native token $OM, and initial investigations revealed that the situation over the past day was caused by cross-exchange liquidation. Since October last year, Binance has implemented a series of risk control measures for the OM token, including reducing leverage levels. Binance continues to monitor leverage levels and adjusts them according to market conditions to implement risk control and help mitigate price volatility. Since January this year, Binance has also been displaying warnings on its spot trading page for the OM token, informing users that the token's tokenomics have undergone significant changes, with an increase in supply. Binance will continue to closely monitor the situation and 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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