According to Binance's investigation, the market maker sold about 70 million GPS units between 13:00 (UTC) on March 4 and 9:55 (UTC) on March 5, 2025, and did not place any orders. After the spot trading began, the market maker continued to sell GPS and became the largest beneficiary, earning about $5 million.
Binance has launched an in-depth investigation into the incident and has temporarily frozen the accounts of the relevant market makers.
Binance has frozen the account of a market maker who smashed GPS tokens
2025-03-07 09:24:04
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