Crypto GPS and Shell have been making headlines recently due to a controversy surrounding a market maker associated with these tokens. Binance, a leading cryptocurrency exchange, launched an investigation and found evidence of misconduct involving this market maker.¹
As a result, Binance banned the market maker from operating on its platform and seized all the profits made by this entity. This move has sparked significant interest and speculation within the cryptocurrency community, with many wondering about the identity of the market maker and its implications for the industry.
Some notable investors, such as Animoca Brands, have publicly denied any involvement in the market-making activities for GPS and SHELL. Additionally, there are rumors about potential connections to May Liu, also known as Piaopiao, who allegedly founded a market-making firm called Whisper.
The situation is still unfolding, and the crypto community is eagerly awaiting more information about the market maker's identity and the implications of this controversy.