Binance has just taken strong action against related Market Makers (MM) concerning the GPS and SHELL projects, including freezing accounts and seizing profits to compensate affected users. This is part of Binance's efforts to protect transparency and fairness on the platform.
Firm Action from Binance
According to the latest information, #BİNANCE has identified non-transparent behaviors from the Market Makers of two projects, GPS and SHELL, leading to user losses. To remedy this situation, the exchange has decided:
Freeze the accounts of related Market Makers.
Seize profits obtained from non-transparent activities.
Compensate users affected by the activities of this Market Maker.
This move shows that Binance is taking aggressive measures to maintain fairness in the trading ecosystem while protecting the interests of investors.
Risk Warning in the Current Phase
Although Binance has taken action to address the incident, investors still need to be particularly cautious during this period. The cryptocurrency market still poses many risks, especially with projects showing signs of price manipulation or lack of transparency. Some important notes:
Always thoroughly check projects before investing, avoid FOMO.
Do not trade based on emotions but monitor market fluctuations and conduct technical analysis.
Prioritize trading on reputable platforms, avoiding projects with unusual signs.
The crypto market is highly volatile and not always accurately predictable. Always manage risk and only invest money you can afford to lose. #anhbacong
