Official Announcement from Binance Regarding OM Incident

In an official post via X, Binance's Customer Support Department issued a message stating that OM has recorded significant price volatility, and the initial findings from the exchange indicate that this was due to liquidations across exchanges.

Binance stated that since October 2024, the exchange has implemented various risk control measures, including reducing OM's leverage to mitigate volatility.

The exchange also noted that since January 2025, they have issued a pop-up warning for OM on their spot trading page to inform users that it has undergone significant changes in tokenomics, increasing the supply.

Binance stated that they will continue to monitor the situation.

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