🚨 Binance Cracks Down on GPS & SHELL Market Maker Misconduct – User Protection Comes First! 🚨

Binance has taken firm action against a market maker involved in GoPlus Security (GPS) and MyShell (SHELL) due to market irregularities. To ensure fair trading and user safety, Binance has:

✅ Offboarded the market maker and permanently banned further activities

✅ Confiscated illicit proceeds to compensate affected users

✅ Reinforced strict compliance rules for all authorized market makers

Binance emphasizes that all market makers must follow fair trading principles, including liquidity maintenance, stable spreads, and order integrity. Violators will face strict penalties. A compensation plan will be announced soon. Binance remains committed to transparency, security, and a sustainable crypto ecosystem.

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