Shorooq Partners, an investor, issued a statement clarifying that the decline was not due to hacking or team selling, but was triggered by massive forced liquidations, followed by panic selling during low liquidity periods. Shorooq stressed that its position as a long-term equity investor remained unchanged and disclosed the relevant wallet addresses to demonstrate transparency. Some analysts pointed out that the crash was caused by forced changes in leverage requirements and levels, and the lack of decentralized exchange market makers exacerbated the problem.
Earlier news, OM currency prices fell, suspected Middle East investment institution Shorooq Partners partner wallet received 2 million OM transfer.
Shorooq clarifies that OM's decline was not due to hacking or team selling
2025-04-14 11:57:29
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