ChainCatcher news, the investor Shorooq Partners issued a statement clarifying: the fall was not due to a hacker attack or team sell-off, but triggered by large-scale Forced Liquidation, which subsequently led to panic dumping during low Liquidity periods. Shorooq emphasized that its position as a long-term equity investor remains unchanged and publicly disclosed relevant Wallet Addresses to demonstrate transparency. Some analysts pointed out that this crash was caused by leverage requirements and forced changes at levels, while the lack of market makers in non-Centralized Exchanges exacerbated the problem.
According to previous reports, before the significant fall in the price of OM, it was suspected that a partner wallet of the Middle Eastern investment firm Shorooq Partners received a transfer of 2 million OM.
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