🚨 Binance Cracks Down on Market Manipulation: Removes GPS & SHELL Market Maker, Plans User Compensation 🚨
In a bold move to ensure fair trading, Binance has taken strict action against a market maker involved in GoPlus Security (GPS) and MyShell (SHELL). The exchange found that the entity engaged in manipulative practices, leading to unfair market conditions. As a result, Binance has permanently offboarded the market maker, confiscated its proceeds, and banned it from further activities. The seized funds will be used to compensate affected users, with a detailed plan coming soon. This decisive action reinforces Binance’s commitment to transparency, security, and user protection.
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