Understanding Price Manipulation in Crypto Markets: Lessons from the OM Incident on OKX
Here’s the deal. Price manipulation in crypto markets is a real thing. It’s lurking in the background, ready to wreck traders and investors. The recent OM token incident on OKX? Yeah, it’s a prime example of how things can go south really quickly. This piece will break down what happened, how regulators are reacting, and what decentralized finance protocols can do to fortify themselves against future attacks. Buckle up.
Case Study: The OM Incident on OKX
On December 13, 2025, OKX’s risk team found a case of price manipulation involving the OM token. They found multiple accounts colluding to pump the price of the OM token by using it as collateral for USDT. Once they figured it out, they suspended trading and took control of the…
