Following a thorough investigation, Binance has uncovered that a market maker involved in the GoPlus Security (GPS) project was also engaged in market-making activities for MyShell (SHELL). In response, Binance has swiftly removed and permanently banned this entity from any future market-making on its platform.
The illicit proceeds from the market maker's activities have been seized and will be used to compensate affected GPS and SHELL holders. Binance will soon release a detailed compensation plan.
Binance remains committed to maintaining a secure and trustworthy trading environment. Stay tuned for further updates! 🚨
#CryptoNews #BinanceUpdate #GPS #SHELL
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