Shorooq clarifies: OM's decline is not due to hacker attacks or team selling

According to a report by Golden Finance, investor Shorooq Partners issued a statement clarifying that the decline was not caused by a hacker attack or team sell-off, but rather by a large-scale forced liquidation triggered by panic selling during low liquidity periods. Shorooq emphasized that its position as a long-term equity investor remains unchanged and has publicly disclosed the relevant wallet addresses to demonstrate transparency. Analysis suggests that this collapse was caused by mandatory changes in leverage requirements and levels, while the lack of decentralized exchange market manufacturers exacerbated the problem. Previously, it was reported that prior to the significant drop in OM coin prices, the partner wallet of Middle Eastern investment firm Shorooq Partners received 2 million OM transfers.