Binance Explains Mantra Crash: Cross-Exchange Liquidations

The cryptocurrency market experienced a shockwave as the Real-World Asset (RWA) protocol Mantra crashed, leading to a significant drop in price and prompting Binance exchange to clarify the incident. Binance addressed accusations of responsibility for the project’s failure, revealing that it was directly caused by cross-exchange liquidations. The trading platform highlighted its efforts to mitigate risks through measures such as reducing leverage on the OM token. }