Binance: Take down improper market makers in GPS and SHELL and confiscate their related profits
2025-03-09 10:05:43
According to Binance's announcement, during Binance's investigation of a market maker (hereinafter referred to as the market maker) of Go Plus Security (GPS), it was found that the market maker was also responsible for the market-making activities of the MyShell (SHELL) project. In order to better protect Binance users, Binance has taken the following additional measures for the inappropriate behavior of the market maker: 1. The market maker has been removed from the shelves and prohibited from conducting any further market-making activities on Binance. 2. The relevant proceeds of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project team).
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