Binance and OKX Acknowledge OM Token Price Crash

Major cryptocurrency exchanges, Binance and OKX, have issued statements concerning the dramatic price drop of the OM token, attributing it to a series of cross-exchange liquidations. While Binance highlighted its pop-up warning for OM’s spot trading since January 2025 that alerted users to potential risks such as increased token supply and leverage reductions implemented in October 2023, critics have questioned their lack of delisting the token before the crash.