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Table of Contents
1. Event review: OM token flash crashes aroused doubts
2. Platform response: Risk control measures are urgently upgraded
3. Industry reflection: Decentralization and risk control balance
Home web3.0 OKX and Binance responded to the plunge in OM tokens and the risk control measures were upgraded.

OKX and Binance responded to the plunge in OM tokens and the risk control measures were upgraded.

Jul 15, 2025 pm 07:48 PM
tool binance digital currency Binance exchange Huobi trading platform Digital currency trading okx Digital currency trading platform Ouyi Ouyi okx

OKX and Binance urgently upgraded risk control measures against the OM token plunge. 1. The OM token crash exceeded 50% on May 28, which was suspected to be due to large-scale sell-offs or insufficient liquidity, which caused users to question the risk control system; 2. OKX introduced a "large-value order circuit breaking mechanism" and strengthened the monitoring of suspicious accounts, while Binance enabled a risk margin system and real-time liquidity monitoring tool to optimize the transaction monitoring system; 3. Industry reflection pointed out that small and medium-sized tokens are easy to be manipulated, and transactions require strengthening the project review mechanism to build a more stable digital asset ecosystem.

OKX and Binance responded to the plunge in OM tokens and the risk control measures were upgraded. - php Chinese

Digital currency trading platform:

Ouyi OKX:

Binance Binance:

Huobi:

Gateio Sesame Opening:

OKX and Binance respond to the plunge of OM tokens: Risk control measures are fully upgraded

Recently, OM tokens have experienced an abnormal plunge in a short period of time, which has attracted widespread attention from the market. As the trading platform involved, OKX and Binance responded quickly, announcing the upgrade of the risk control mechanism to deal with similar risks, while emphasizing that user asset security is the top priority.

1. Event review: OM token flash crashes aroused doubts

On May 28, the price of OM tokens suddenly plunged on OKX and Binance platforms, with a drop of more than 50% in a short period of time. On-chain data shows that the plunge may be related to the sell-off of large investors or insufficient liquidity, and some users questioned the platform's risk control system's failure to intercept abnormal transactions in time. After the incident, OKX and Binance launched an investigation and promised to optimize the transaction monitoring system.

2. Platform response: Risk control measures are urgently upgraded

OKX stated in the announcement that the price fluctuation thresholds in contract trading and spot markets have been dynamically adjusted, and a "large-value order circuit breaker mechanism" has been added. When an abnormal large order is detected, the matching engine will be suspended to prevent violent price fluctuations. In addition, OKX will strengthen the monitoring of suspicious accounts and implement manual review of high-frequency abnormal transactions.

Binance emphasized that its risk margin system has intervened in OM trading pairs and reduces the chain risk of leveraged trading through an automatic position reduction mechanism. Binance CEO Richard Teng said that the platform is developing "real-time liquidity monitoring tools" to early warning of the risk of liquidity exhaustion, and plans to introduce stricter market maker assessment standards to ensure market depth and stability.

3. Industry reflection: Decentralization and risk control balance

This incident exposed the vulnerability of small and medium-sized tokens on centralized exchanges. Although the risk control upgrades between OKX and Binance may alleviate the problem in the short term, industry insiders pointed out that assets like OM are easily manipulated due to insufficient liquidity. Trading requires strengthening project fundamental assessment during the listing review stage to avoid becoming speculative tools.

The OM plunge incident sounded the alarm for the industry. The exchange's risk control upgrade is only the first step. How to build a more robust digital asset trading ecosystem still needs long-term exploration.

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