I lost a lot of money, I am waiting for the compensation!
williansr388
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Binance Strikes Hard: With the Ban on Market Makers, Fund Seizures Deter the Market! The cryptocurrency giant Binance decisively banned market makers GoPlus Security (GPS) and MyShell (SHELL) for violations, seizing all their profits and using the funds to compensate affected users, causing a major upheaval in the market. Violating Market Makers Liquidated Binance discovered that a single market maker responsible for $GPS was secretly manipulating $SHELL, violating the platform's rules. The exchange acted swiftly, permanently banning their activities and confiscating illegal gains, promising to use them to compensate $GPS and $SHELL holders. Specific compensation plans will be announced in a few days, including details on eligibility and distribution. New Community Voting Rules Launched Meanwhile, Binance introduced a new mechanism for listing and delisting tokens, allowing users who hold more than 0.01 BNB to vote on the fate of the tokens, although the platform reserves the rights to final selection. Previously, the GPS token was monitored shortly after its listing due to a price drop, with a market maker selling 70 million tokens, withdrawing $5 million in liquidity, causing chaos in the market and resulting in account suspensions. Binance's Firm Statement Binance emphasized that user protection and market fairness are fundamental principles, and this action demonstrates its zero-tolerance stance. In the future, the platform will enhance its monitoring system to ensure market makers comply with price spread rules and market stability. The market turmoil remains unresolved, and investors are waiting to see!
$BNB
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