diff --git a/ydb/core/kqp/compute_actor/kqp_compute_actor_factory.cpp b/ydb/core/kqp/compute_actor/kqp_compute_actor_factory.cpp
index 59b2ef6fe181..76fe3c6d0ed3 100644
--- a/ydb/core/kqp/compute_actor/kqp_compute_actor_factory.cpp
+++ b/ydb/core/kqp/compute_actor/kqp_compute_actor_factory.cpp
@@ -59,8 +59,7 @@ struct TMemoryQuotaManager : public NYql::NDq::TGuaranteeQuotaManager {
     }
 
     TString MemoryConsumptionDetails() const override {
-        // NOTE: don't forget to disable verbosity in stable branches.
-        return Tx->ToString(true);
+        return Tx->ToString();
     }
 
     void TerminateHandler(bool success, const NYql::TIssues& issues) {
diff --git a/ydb/core/kqp/executer_actor/kqp_data_executer.cpp b/ydb/core/kqp/executer_actor/kqp_data_executer.cpp
index cbd154485695..9d9d7340fd46 100644
--- a/ydb/core/kqp/executer_actor/kqp_data_executer.cpp
+++ b/ydb/core/kqp/executer_actor/kqp_data_executer.cpp
@@ -145,6 +145,7 @@ class TKqpDataExecuter : public TKqpExecuterBase<TKqpDataExecuter, EExecType::Da
         , AllowOlapDataQuery(tableServiceConfig.GetAllowOlapDataQuery())
         , BlockTrackingMode(tableServiceConfig.GetBlockTrackingMode())
         , WaitCAStatsTimeout(TDuration::MilliSeconds(tableServiceConfig.GetQueryLimits().GetWaitCAStatsTimeoutMs()))
+        , VerboseMemoryLimitException(tableServiceConfig.GetResourceManager().GetVerboseMemoryLimitException())
     {
         if (tableServiceConfig.HasArrayBufferMinFillPercentage()) {
             ArrayBufferMinFillPercentage = tableServiceConfig.GetArrayBufferMinFillPercentage();
@@ -2721,6 +2722,7 @@ class TKqpDataExecuter : public TKqpExecuterBase<TKqpDataExecuter, EExecType::Da
             .CaFactory_ = Request.CaFactory_,
             .BlockTrackingMode = BlockTrackingMode,
             .ArrayBufferMinFillPercentage = ArrayBufferMinFillPercentage,
+            .VerboseMemoryLimitException = VerboseMemoryLimitException,
         });
 
         auto err = Planner->PlanExecution();
@@ -3045,6 +3047,7 @@ class TKqpDataExecuter : public TKqpExecuterBase<TKqpDataExecuter, EExecType::Da
     const NKikimrConfig::TTableServiceConfig::EBlockTrackingMode BlockTrackingMode;
     const TDuration WaitCAStatsTimeout;
     TMaybe<ui8> ArrayBufferMinFillPercentage;
+    const bool VerboseMemoryLimitException;
 };
 
 } // namespace
diff --git a/ydb/core/kqp/executer_actor/kqp_planner.cpp b/ydb/core/kqp/executer_actor/kqp_planner.cpp
index a126f30eeae9..ad6fed383ec8 100644
--- a/ydb/core/kqp/executer_actor/kqp_planner.cpp
+++ b/ydb/core/kqp/executer_actor/kqp_planner.cpp
@@ -112,6 +112,7 @@ TKqpPlanner::TKqpPlanner(TKqpPlanner::TArgs&& args)
     , CaFactory_(args.CaFactory_)
     , BlockTrackingMode(args.BlockTrackingMode)
     , ArrayBufferMinFillPercentage(args.ArrayBufferMinFillPercentage)
+    , VerboseMemoryLimitException(args.VerboseMemoryLimitException)
 {
     if (GUCSettings) {
         SerializedGUCSettings = GUCSettings->SerializeToString();
@@ -479,7 +480,7 @@ TString TKqpPlanner::ExecuteDataComputeTask(ui64 taskId, ui32 computeTasksSize)
 
         TxInfo = MakeIntrusive<NRm::TTxState>(
             TxId, TInstant::Now(), ResourceManager_->GetCounters(),
-            UserRequestContext->PoolId, memoryPoolPercent, Database);
+            UserRequestContext->PoolId, memoryPoolPercent, Database, VerboseMemoryLimitException);
     }
 
     if (ArrayBufferMinFillPercentage) {
diff --git a/ydb/core/kqp/executer_actor/kqp_planner.h b/ydb/core/kqp/executer_actor/kqp_planner.h
index 9297002b7456..39db0c6ff10a 100644
--- a/ydb/core/kqp/executer_actor/kqp_planner.h
+++ b/ydb/core/kqp/executer_actor/kqp_planner.h
@@ -71,6 +71,7 @@ class TKqpPlanner {
         const std::shared_ptr<NKikimr::NKqp::NComputeActor::IKqpNodeComputeActorFactory>& CaFactory_;
         const NKikimrConfig::TTableServiceConfig::EBlockTrackingMode BlockTrackingMode;
         const TMaybe<ui8> ArrayBufferMinFillPercentage;
+        const bool VerboseMemoryLimitException;
     };
 
     TKqpPlanner(TKqpPlanner::TArgs&& args);
@@ -150,6 +151,7 @@ class TKqpPlanner {
     TVector<TProgressStat> LastStats;
     const NKikimrConfig::TTableServiceConfig::EBlockTrackingMode BlockTrackingMode;
     const TMaybe<ui8> ArrayBufferMinFillPercentage;
+    const bool VerboseMemoryLimitException;
 
 public:
     static bool UseMockEmptyPlanner;  // for tests: if true then use TKqpMockEmptyPlanner that leads to the error
diff --git a/ydb/core/kqp/executer_actor/kqp_scan_executer.cpp b/ydb/core/kqp/executer_actor/kqp_scan_executer.cpp
index 1151910b9460..7cb5e3824a33 100644
--- a/ydb/core/kqp/executer_actor/kqp_scan_executer.cpp
+++ b/ydb/core/kqp/executer_actor/kqp_scan_executer.cpp
@@ -314,8 +314,9 @@ class TKqpScanExecuter : public TKqpExecuterBase<TKqpScanExecuter, EExecType::Sc
             .GUCSettings = nullptr,
             .MayRunTasksLocally = false,
             .ResourceManager_ = Request.ResourceManager_,
-            .CaFactory_ = Request.CaFactory_
+            .CaFactory_ = Request.CaFactory_,
             // TODO: BlockTrackingMode is not set!
+            .VerboseMemoryLimitException = false,
         });
 
         LOG_D("Execute scan tx, PendingComputeTasks: " << TasksGraph.GetTasks().size());
diff --git a/ydb/core/kqp/node_service/kqp_node_service.cpp b/ydb/core/kqp/node_service/kqp_node_service.cpp
index 3010c0a94fb5..ea5c746b7bea 100644
--- a/ydb/core/kqp/node_service/kqp_node_service.cpp
+++ b/ydb/core/kqp/node_service/kqp_node_service.cpp
@@ -236,7 +236,7 @@ class TKqpNodeService : public TActorBootstrapped<TKqpNodeService> {
         TIntrusivePtr<NRm::TTxState> txInfo = MakeIntrusive<NRm::TTxState>(
             txId, TInstant::Now(), ResourceManager_->GetCounters(),
             msg.GetSchedulerGroup(), msg.GetMemoryPoolPercent(),
-            msg.GetDatabase());
+            msg.GetDatabase(), Config.GetVerboseMemoryLimitException());
 
         const ui32 tasksCount = msg.GetTasks().size();
         for (auto& dqTask: *msg.MutableTasks()) {
diff --git a/ydb/core/kqp/rm_service/kqp_rm_service.h b/ydb/core/kqp/rm_service/kqp_rm_service.h
index bba6426b8aad..e02f116c5dee 100644
--- a/ydb/core/kqp/rm_service/kqp_rm_service.h
+++ b/ydb/core/kqp/rm_service/kqp_rm_service.h
@@ -118,39 +118,48 @@ class TTxState : public TAtomicRefCount<TTxState> {
     const TString PoolId;
     const double MemoryPoolPercent;
     const TString Database;
+    const bool CollectBacktrace;
 
 private:
     std::atomic<ui64> TxScanQueryMemory = 0;
     std::atomic<ui64> TxExternalDataQueryMemory = 0;
     std::atomic<ui32> TxExecutionUnits = 0;
-    std::atomic<ui64> TxMaxAllocation = 0;
-    std::atomic<ui64> TxFailedAllocation = 0;
+    std::atomic<ui64> TxMaxAllocationSize = 0;
 
     // TODO(ilezhankin): it's better to use std::atomic<std::shared_ptr<>> which is not supported at the moment.
     std::atomic<TBackTrace*> TxMaxAllocationBacktrace = nullptr;
-    std::atomic<TBackTrace*> TxFailedAllocationBacktrace = nullptr;
+
+    // NOTE: it's hard to maintain atomic pointer in case of tracking the last failed allocation backtrace,
+    //       because while we try to print one - the new last may emerge and delete previous.
+    mutable std::mutex BacktraceMutex;
+    std::atomic<ui64> TxFailedAllocationSize = 0; // protected by BacktraceMutex (only if CollectBacktrace == true)
+    TBackTrace TxFailedAllocationBacktrace;       // protected by BacktraceMutex
+    std::atomic<bool> HasFailedAllocationBacktrace = false;
 
 public:
     explicit TTxState(ui64 txId, TInstant now, TIntrusivePtr<TKqpCounters> counters, const TString& poolId, const double memoryPoolPercent,
-        const TString& database)
+        const TString& database, bool collectBacktrace)
         : TxId(txId)
         , CreatedAt(now)
         , Counters(std::move(counters))
         , PoolId(poolId)
         , MemoryPoolPercent(memoryPoolPercent)
         , Database(database)
+        , CollectBacktrace(collectBacktrace)
     {}
 
     ~TTxState() {
         delete TxMaxAllocationBacktrace.load();
-        delete TxFailedAllocationBacktrace.load();
     }
 
     std::pair<TString, TString> MakePoolId() const {
         return std::make_pair(Database, PoolId);
     }
 
-    TString ToString(bool verbose = false) const {
+    TString ToString() const {
+        // use unique_lock to safely unlock mutex in case of exceptions
+        std::unique_lock backtraceLock(BacktraceMutex, std::defer_lock);
+
         auto res = TStringBuilder() << "TxResourcesInfo { "
             << "TxId: " << TxId
             << ", Database: " << Database;
@@ -160,19 +169,28 @@ class TTxState : public TAtomicRefCount<TTxState> {
                 << ", MemoryPoolPercent: " << Sprintf("%.2f", MemoryPoolPercent > 0 ? MemoryPoolPercent : 100);
         }
 
+        if (CollectBacktrace) {
+            backtraceLock.lock();
+        }
+
         res << ", tx initially granted memory: " << HumanReadableSize(TxExternalDataQueryMemory.load(), SF_BYTES)
             << ", tx total memory allocations: " << HumanReadableSize(TxScanQueryMemory.load(), SF_BYTES)
-            << ", tx largest successful memory allocation: " << HumanReadableSize(TxMaxAllocation.load(), SF_BYTES)
-            << ", tx last failed memory allocation: " << HumanReadableSize(TxFailedAllocation.load(), SF_BYTES)
+            << ", tx largest successful memory allocation: " << HumanReadableSize(TxMaxAllocationSize.load(), SF_BYTES)
+            << ", tx last failed memory allocation: " << HumanReadableSize(TxFailedAllocationSize.load(), SF_BYTES)
             << ", tx total execution units: " << TxExecutionUnits.load()
             << ", started at: " << CreatedAt
             << " }" << Endl;
 
-        if (verbose && TxMaxAllocationBacktrace.load()) {
-            res << "TxMaxAllocationBacktrace:" << Endl << TxMaxAllocationBacktrace.load()->PrintToString();
+        if (CollectBacktrace && HasFailedAllocationBacktrace.load()) {
+            res << "TxFailedAllocationBacktrace:" << Endl << TxFailedAllocationBacktrace.PrintToString();
+        }
+
+        if (CollectBacktrace) {
+            backtraceLock.unlock();
         }
-        if (verbose && TxFailedAllocationBacktrace.load()) {
-            res << "TxFailedAllocationBacktrace:" << Endl << TxFailedAllocationBacktrace.load()->PrintToString();
+
+        if (CollectBacktrace && TxMaxAllocationBacktrace.load()) {
+            res << "TxMaxAllocationBacktrace:" << Endl << TxMaxAllocationBacktrace.load()->PrintToString();
         }
 
         return res;
@@ -183,22 +201,19 @@ class TTxState : public TAtomicRefCount<TTxState> {
     }
 
     void AckFailedMemoryAlloc(ui64 memory) {
-        auto* oldBacktrace = TxFailedAllocationBacktrace.load();
-        ui64 lastAlloc = TxFailedAllocation.load();
-        bool exchanged = false;
+        // use unique_lock to safely unlock mutex in case of exceptions
+        std::unique_lock backtraceLock(BacktraceMutex, std::defer_lock);
 
-        while(!exchanged) {
-            exchanged = TxFailedAllocation.compare_exchange_weak(lastAlloc, memory);
+        if (CollectBacktrace) {
+            backtraceLock.lock();
         }
 
-        if (exchanged) {
-            auto* newBacktrace = new TBackTrace();
-            newBacktrace->Capture();
-            if (TxFailedAllocationBacktrace.compare_exchange_strong(oldBacktrace, newBacktrace)) {
-                delete oldBacktrace;
-            } else {
-                delete newBacktrace;
-            }
+        TxFailedAllocationSize = memory;
+
+        if (CollectBacktrace) {
+            TxFailedAllocationBacktrace.Capture();
+            HasFailedAllocationBacktrace = true;
+            backtraceLock.unlock();
         }
     }
 
@@ -239,17 +254,18 @@ class TTxState : public TAtomicRefCount<TTxState> {
         }
 
         auto* oldBacktrace = TxMaxAllocationBacktrace.load();
-        ui64 maxAlloc = TxMaxAllocation.load();
+        ui64 maxAlloc = TxMaxAllocationSize.load();
         bool exchanged = false;
 
         while(maxAlloc < resources.Memory && !exchanged) {
-            exchanged = TxMaxAllocation.compare_exchange_weak(maxAlloc, resources.Memory);
+            exchanged = TxMaxAllocationSize.compare_exchange_weak(maxAlloc, resources.Memory);
         }
 
         if (exchanged) {
             auto* newBacktrace = new TBackTrace();
             newBacktrace->Capture();
             if (TxMaxAllocationBacktrace.compare_exchange_strong(oldBacktrace, newBacktrace)) {
+                // XXX(ilezhankin): technically it's possible to have a race with `ToString()`, but it's very unlikely.
                 delete oldBacktrace;
             } else {
                 delete newBacktrace;
diff --git a/ydb/core/kqp/rm_service/kqp_rm_ut.cpp b/ydb/core/kqp/rm_service/kqp_rm_ut.cpp
index 07b6c28336eb..b7875a7b39bd 100644
--- a/ydb/core/kqp/rm_service/kqp_rm_ut.cpp
+++ b/ydb/core/kqp/rm_service/kqp_rm_ut.cpp
@@ -184,7 +184,7 @@ class KqpRm : public TTestBase {
     }
 
     TIntrusivePtr<NRm::TTxState> MakeTx(ui64 txId, std::shared_ptr<NRm::IKqpResourceManager> rm) {
-        return MakeIntrusive<NRm::TTxState>(txId, TInstant::Now(), rm->GetCounters(), "", (double)100, "");
+        return MakeIntrusive<NRm::TTxState>(txId, TInstant::Now(), rm->GetCounters(), "", (double)100, "", false);
     }
 
     TIntrusivePtr<NRm::TTaskState> MakeTask(ui64 taskId, TIntrusivePtr<NRm::TTxState> tx) {
diff --git a/ydb/core/protos/table_service_config.proto b/ydb/core/protos/table_service_config.proto
index b3db9d28b608..890b9ecd3816 100644
--- a/ydb/core/protos/table_service_config.proto
+++ b/ydb/core/protos/table_service_config.proto
@@ -51,6 +51,8 @@ message TTableServiceConfig {
         optional uint64 MaxNonParallelTopStageExecutionLimit = 26 [default = 1];
         optional bool PreferLocalDatacenterExecution = 27 [ default = true ];
         optional uint64 MaxNonParallelDataQueryTasksLimit = 28 [default = 1000];
+
+        optional bool VerboseMemoryLimitException = 29 [default = false];
     }
 
     message TSpillingServiceConfig {