Official Statement from Binance Regarding the $OM Crash:
Binance has announced that it is aware of the extreme volatility affecting OM, the native token of the MANTRA project, in recent hours.
According to their initial findings, the situation resulted from cross-exchange liquidations, not a direct issue with the project on Binance itself.
Binance clarified that since October 2024, it has implemented strict risk management measures for OM, including reducing leverage levels to help mitigate severe market swings.
Additionally, since January 2025, Binance introduced a
Official Binance Statement on the $OM Crash:
Binance has acknowledged the recent extreme volatility surrounding $OM, the native token of the MANTRA project.
Initial investigations indicate the sharp drop was caused by cross-exchange liquidations, not any direct issue within Binance’s platform.
To address market risks, Binance noted that strict risk management measures have been in place for OM since October 2024, including reduced leverage to limit sharp price swings.
In January 2025, Binance also introduced a pop-up warning on OM’s spot trading page, alerting users about major tokenomics changes—specifically, a significant supply increase. That warning has since been updated to stress the high volatility risk of trading OM.
Binance concluded by reaffirming its commitment to closely monitor the situation and take action as needed to protect users and uphold platform integrity.
