🚨 Urgent Update for GPS & $SHELL Holders: Binance Announces Compensation Plan 🚨
Following an in-depth investigation, Binance discovered that a market maker associated with GoPlus Security (GPS) was simultaneously conducting market-making activities for MyShell (SHELL). In response, Binance has removed the entity from its platform and issued a permanent ban on its future participation in any market-making initiatives.
The illicit profits generated by this market maker have been seized by Binance and will be allocated to compensate affected $GPS and $SHELL holders. A detailed compensation framework will be released shortly, ensuring transparency for all impacted users.
Binance reiterates its unwavering commitment to safeguarding a fair and secure trading ecosystem and will continue to take decisive action against malpractice.
Stay tuned for official updates on the compensation process!
