Binance announced that it has taken action against a market maker associated with the "GoPlus Security" project and its digital currency (GPS) and the "MyShell" project and its digital currency (SHELL), after discovering abnormal behavior.
The platform clarified that it has canceled and prohibited any further market-making activities by this party, in addition to confiscating the revenues to compensate affected users, with a compensation plan to be announced later by the projects involved.
Binance emphasized the necessity for certified market makers to adhere to specified principles, which include ensuring sufficient liquidity, maintaining stable price spreads, and preventing market disruptions.
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