🚨 Binance bans Market Maker of GPS & SHELL
Binance has terminated the operations of the market maker (MM) related to 2 projects GoPlus Security (GPS) and MyShell (SHELL) due to detected misconduct. Specifically:
🔹 Ban this MM from continuing operations on Binance.
🔹 Confiscate profits from the MM to compensate users (detailed plan will be announced later).
🔹 Reiterate regulations with MM: ensure two-way liquidity, maintain stable price spreads & avoid market manipulation.
